EXPENDITURE U/S 35AC

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....XPENDITURE U/S 35AC<br> Query (Issue) Started By: - Dhananjay Vishwakarma Dated:- 4-1-2011 Last Reply Date:- 21-7-2011 Income Tax<br>Got 1 Reply<br>Income Tax<br>IF ASSESSEE IS PARTNER IN A FIRM AND H....

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....E IS RECEIVING REMUNERATION AND INTEREST. IN THIS CASE ITR 3 I APPLICABLE BUT ASSESSEE EXPS U/S 35AC ALLOW OR NOT. PLS FORWARD ME CASE LOW IN THIS CASE Reply By Mukesh Kumar: The Reply: There is not....

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.... restriction u/s 35AC to allow deduction in case of partner out of remuneration or interest from partnership firm. I think you can claim the benefit of exemption under section 35AC if you satisfy the ....

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....conditions of this section.<br> Discussion Forum - Knowledge Sharing ....