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Income Tax - Highlights / Catch Notes

Home Highlights November 2017 Year 2017 This

Claim of interest paid to partners as deduction - interest on ...


Interest Deduction for Partner Remuneration Tied to Receiving Interest from Capital Contribution.

November 3, 2017

Case Laws     Income Tax     AT

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.

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