Patnership Firm
This query is : Resolved
25 December 2008
Dear Experts
Partnership Net Profit is NIL after Partner's Interest on Capital and Salary kindly discuss the Income Tax view
Partnership Net Profit is NIL after Partner's Interest on Capital and Salary kindly discuss the Income Tax view
25 December 2008
Have you made calculation as per section 40(b). Please make the calculation as per this section in respect of partner salary and interest on capital.
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