Interst on capital
This query is : Resolved
15 September 2017
1)Treatment of interst on capital and salary received fm limited liability partnership firm in personal books of accounts of partner 2)can partner show as business income and claim all deductions
15 September 2017
01. it is business income in the hands of partner.
02. Any expenditure which is related to the earning / acquisition of such interest on capital and salary can be claimed as deduction.
02. Any expenditure which is related to the earning / acquisition of such interest on capital and salary can be claimed as deduction.
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