https://www.taxtmi.com/forum/issue?id=106123 Deductibility of interest on partners' capital against rental income requires that partners' funds be specifically used to acquire or construct the building, that the partnership deed contain a written interest provision specifying rate and payment, and that the firm obtain a certificate from the payee evidencing the interest payable; absent these elements the nexus to the property will be questioned and the deduction may be disallowed. en-us Mon, 23 Sep 2013 16:23:17 +0530 Thu, 23 Jan 2025 15:57:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106123 Deductibility of interest on partners' capital against rental income requires that partners' funds be specifically used to acquire or construct the building, that the partnership deed contain a written interest provision specifying rate and payment, and that the firm obtain a certificate from the payee evidencing the interest payable; absent these elements the nexus to the property will be questioned and the deduction may be disallowed. Discussion-Forum Income Tax Mon, 23 Sep 2013 16:23:17 +0530 https://www.taxtmi.com/forum/issue?id=106123