Interest on capital paid by the firm to its partners is allowed up to ...................

Related MCQs

• A partnership firm sold a residential house. The firm will get exemption under section .................... on capital gains.
• Excise duty and sales tax are allowed as deduction if paid before......................
• Salary paid by an Indian company to its employees working in one of its branches outside India is................................
• Salary paid by an employer out of capital will be................
• If STT is paid, then STCG tax on the transfer of capital asset is ..............................
• Interest on Bank Term Deposits is subject to tax deduction at source if the interest amount during the relevant previous year exceeds................
• A partnership firm will be assessed as firm if there is .........................
• A firm shall pay tax on long term capital gain @ .................................
• Under Income Tax Act depreciation is allowed on ..................
• Additional depreciation is allowed at half the rate, if the asset is used in the initial year for.................................