Interest on capital is
Atharv Sankliya (1354 Points)
07 November 2021
interest on capital is expense partnership firm ???
8 Replies
Atharv Sankliya
(1354 Points)
Replied 07 November 2021
But interset on capital is appropriation of profit!
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 07 November 2021
Deduction for income tax purposes
Janak Shah
(ca)
(603 Points)
Replied 08 November 2021
Interest on capital is not appropriation of profit.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 12 November 2021
Yes it is not appropriation of profit
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