Poonawalla fincorps
Poonawalla fincorps

Business or profession

This query is : Resolved 

08 December 2017 Is interest on capital given to partner in representative capacity disallowed?

09 December 2017 No... The interest on Capital is allowable expenditure.

30 September 2021 But there is cap in IT act u/s. 40b, beyond which it is disallowed.




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