Thursday, December 6, 2018

Amount paid to partners in view of partnership deed to be excluded while computing sec. 10AA

IT: Where assessee-firm, in view of partnership deed which clearly laid down that no interest on capital and remuneration was payable to partners, did not pay any interest and remuneration to its partners, such interest on capital and remuneration were not to be excluded from amount of profit eligible for exemption under section 10AA

from www.taxmann.com Latest Case Laws https://ift.tt/2zNt8mP

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