Taxation

yagnesh dave (Querist) 03 October 2015 This query is : Resolved
WE TWO PARTNERSHIP FIRM & PVT LTD CO THREE ENTITY JOINT TOGETHER UNDER JOINT VENTURE AGREEMENT OF CONSTRUCTION ACTIVITY AND AS PER JOINT VENTURE AGREEMENT INT ON CAPITAL INVESTMENT BY THE PARTNERS INT @ 12% AS PRESICRIBED U/S 40 (B) OF THE I TAX ACT THE INT PAID TO AOP THREE MEMEBERS ON THIER CAPITAL AS PER JOINT VENTURE AGRREMENT ARE ALLOWABLE AS EXPNESES OF THE FIRM U/S 40 (BA) OR UNDER ANY OTHER SECTION 30 TO 38 OF THE I TAX ACT THE TDS IS DEDUCTED ON INT PAID AND PAID TO THE GOVT KINDLY EXPLAIN FULLY

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Anirudh (Expert) 03 October 2015
It is a full-fledged commercial query. Being a commercial organization, you can afford the professional fee. Therefore contact a professional by paying his fees to get appropriate reply.

Guest (Expert) 03 October 2015
Better Consult the CA Club Of Our Same Forum Whose E Mail Id is Just Below Here For A Professional Reply From Practising Chartered Accountants.You will be Answered Excellently Irrespective of You Being Commercial Or Not.