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Patnership Firm

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(Querist)
25 December 2008 Dear Experts

Partnership Net Profit is NIL after Partner's Interest on Capital and Salary kindly discuss the Income Tax view
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
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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