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Claim of interest paid to partners as deduction - interest on outstanding amount of remuneration - The deduction of interest paid can only be permitted if the assessee is receiving the interest income from the capital contribution made by him.

Income Tax - Claim of interest paid to partners as deduction - interest on outstanding amount of remuneration - The deduction of interest paid can only be permitted if the assessee is receiving the interest income from the capital contribution made by him. - TMI Updates - Highlights .....

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