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Income Tax - Highlights / Catch Notes

Home Highlights March 2014 Year 2014 This

Disallowance of interest expenses – partners are entitled to ...


Partners Allowed Interest Deduction When Holding Partnership Properties Individually, If Explicitly Stated in Agreement.

March 26, 2014

Case Laws     Income Tax     AT

Disallowance of interest expenses – partners are entitled to hold the properties belonging to the partnership firm in their individual name, provided it is explicitly made clear - deduction allowed - AT

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