https://www.taxtmi.com/highlights?id=31521 Interest paid to its partners - section 36(1)(iii) is not at all applicable for the purposes of computation of interest to partners under section 40(b) - The interest paid to partners and simultaneously getting subjected to tax in the hands of its partners is merely in the nature of contra items in the hands of the firms and partners. - AT en-us Mon, 03 Oct 2016 00:08:55 +0530 Mon, 03 Oct 2016 00:08:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=31521 Interest paid to its partners - section 36(1)(iii) is not at all applicable for the purposes of computation of interest to partners under section 40(b) - The interest paid to partners and simultaneously getting subjected to tax in the hands of its partners is merely in the nature of contra items in the hands of the firms and partners. - AT Highlights Income Tax Mon, 03 Oct 2016 00:08:55 +0530 https://www.taxtmi.com/highlights?id=31521