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Commerce · Q219

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 219

Q219

The payment of any simple interest to any partner is allowed only to the extent of 12% per annum as deduction as per:

A.
Section 40A
B.
Section 40B
Answer
C.
Section 40C
D.
Section 40D

Answer: Option B

Solution

Answer: Option B
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