Easy Office
Easy Office

Deduction u/s 24b

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 July 2014 if a partnership firm has rent income, then whether interest paid to partners is allowable under section 24(b), if partner's capital is utilised for acquiring the property
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
22 July 2014 the ans is no as partners are part-owners and its like self payment so not allowed if int on loan paid.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links