interest on partners capital

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..... interest on partners capital
Query (Issue) Started By: - Dipneet Kaur Dated:- 10-7-2014 Last Reply Date:- 1-8-2014 Income Tax
Got 2 Replies
Income Tax
What are the provisions for this und .....

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..... er income tax act under sec 40 b Reply By Dipneet Kaur: The Reply: And also for salary to partners under this sec Reply By Rakesh Chitkara: The Reply: The partnership deed should have clause for paym .....

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..... ent of interest on partners capital. The interest can be paid maximum @ 12@. Partnership can authorize interest payment @ more than 12% but it will be restricted to 12%.
Discu .....

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..... ssion Forum - Knowledge Sharing .....

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