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interst u/s 40 (b)

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02 September 2008 IN A PARTNERSHIP FIRM ONE OF THE PARTNER'S IS A KARTHA(IN REPRESENTATIVE CAPACITY)OF AN H.U.F. SECTION 40(b) CONTAINS CERTAIN RESTRICTIONS FOR INTEREST PAYMENT TO PARTNERS. IS THERE ANY EXCEPTION FOR INTEREST PAYMENT TO AN H.U.F PARTNER.
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
02 September 2008 No, the interest is payable on the amount of Capital with firm and in case capital is inducted by the partner, intt may be claimed

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