Under the Income-tax Act, 1961, interest on capital rec - Practice (English) | ObjectiveMcq

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Under the Income-tax Act, 1961, interest on capital rec - Practice (English) | ObjectiveMcq

PracticeBusiness ManagementTax Planning And ManagementUnder the Income-tax Act, 1961, int...

Tax Planning And Management Business ManagementEasy

1,090 views

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

Correct Answer:

(A) Profits and gains of business or profession

Explanation:

Profits and gains of business or profession

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