interest paid to partners
rocky (accountant) (948 Points)
26 March 2018turnover - 50,00,000
deemd profit 8%= 400000
interest to partners =50000/-to mr. A, 50000/- to mr. B
does partner need to pay tax on rs 50000 in his individual return?
rocky (accountant) (948 Points)
26 March 2018
sawan
(no)
(56 Points)
Replied 26 March 2018
RAJA P M
("Do the Right Thing...!!!")
(127984 Points)
Replied 26 March 2018
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)