interest on partners capital

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... What are the provisions for this under 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... partnership deed should have clause for payment of interest on partners capital. The interest can be paid maximum @ 12@. Partnership can authorize interest payment @ more than 12% but .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... it will be restricted to 12%. - interest on partners capital - Query Started By: - Dipneet Kaur Dated:- 10-7-2014 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... , reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X