Multiple Choice Questions on Interest on capital paid by a firm to its partners under the Income Tax Act 1961 is allowed ........ for UGC NET ( Commerce) Preparation

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Multiple Choice Questions

Interest on capital paid by a firm to its partners under the Income Tax Act 1961 is allowed ........

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    Interest on capital paid by a firm to its partners, under the Income Tax Act, 1961, is allowed

    6%

    Incorrect Answer

    12%

    Correct Answer

    15%

    Incorrect Answer

    18%

    Incorrect Answer
    Explanation:

    12%

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