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losse of partnership firm
can interest be allowed as expanses in case of firm is in losses..???
Replies (2)
it all depends on partnership deed if it is mentioned in the deed that partners are entitled for interest on capital even in case of losses then interest can be allowed. however it should not be more than 12%.
Yes... Interest and remuneration will be allowed as per Partnership deed if Form opt u/s 44AA...
Otherwise no way for claim Remuneration and Interest.
Otherwise no way for claim Remuneration and Interest.
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