Under the Income-tax Act, 1961, interest on capital received by a partner from a partnership firm is chargeable under the head

  1. Home

Question:Under the Income-tax Act, 1961, interest on capital received by a partner from a partnership firm is chargeable under the head

1.Profits and gains of business or profession

2.Income from other sources

3. Capital gains

4.None of the above

Posted by R4R Team
  1. Under the Income-tax Act, 1961, interest on capital received by a partner from a partnership firm is chargeable under the head
Search
R4R Team
R4Rin Top Tutorials are Core Java,Hibernate ,Spring,Sturts.The content on R4R.in website is done by expert team not only with the help of books but along with the strong professional knowledge in all context like coding,designing, marketing,etc!