https://www.taxtmi.com/highlights?id=27221 Disallowance u/s 14A - interest paid to partners on capital contribution is not a statutory allowance u/s 40(b) of the Act but is an expenditure u/s 36(1)(iii) - If the income is exempt, corresponding interest paid to partner will be disallowed us 14A - AT en-us Fri, 05 Feb 2016 19:26:04 +0530 Fri, 05 Feb 2016 19:26:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=27221 Disallowance u/s 14A - interest paid to partners on capital contribution is not a statutory allowance u/s 40(b) of the Act but is an expenditure u/s 36(1)(iii) - If the income is exempt, corresponding interest paid to partner will be disallowed us 14A - AT Highlights Income Tax Fri, 05 Feb 2016 19:26:04 +0530 https://www.taxtmi.com/highlights?id=27221