https://www.taxtmi.com/circulars?id=9022 Payment of interest by a firm to a partner is subject to disallowance under Section 40(b); the prohibition is absolute and covers interest paid to a partner even when he claims to represent a Hindu Undivided Family. By contrast, interest paid directly to an HUF (and not to a partner) is not disallowable. en-us Thu, 12 Aug 1976 00:00:00 +0530 Wed, 01 Jun 2011 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9022 Payment of interest by a firm to a partner is subject to disallowance under Section 40(b); the prohibition is absolute and covers interest paid to a partner even when he claims to represent a Hindu Undivided Family. By contrast, interest paid directly to an HUF (and not to a partner) is not disallowable. Circulars Income Tax Thu, 12 Aug 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9022