13 December 2013
sir kya partners ki capital per jo interest milta he vo partner ki income hoti he or jab vo apni personal return file kerta he tab vo salary + interest on capital dono ko show kerna perta he
13 December 2013
Yes. Interest on capital is taxable income of the partner and salary and interest are required to be shown in the personal return of the partner under the head of Business Income (PGBP). .
CAclubindia
