Interest on capital or loan received by a partner from a firm is __________ | Faculties

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Mr. Dubey • 51.17K Points
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Q. Interest on capital or loan received by a partner from a firm is __________

(A) Exempt u/s 10 (2A)

(B) Taxable as business and profession income

(C) Taxable as income from other sources

(D) None of the above

Correct Answer - Option(B)

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