Income tax under 44 ad
vishak (accounts) (488 Points)
05 October 2015
can I diduct interest on capital and remuneration to partners from presemptive income( 8 % of turnover ) under 44 ad ?
1 Replies
Miss Rinkal
(Student)
(1309 Points)
Replied 05 October 2015
Yes . But only to working partners and that too within the provisions of Sec 40(b)
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