Interest received from the partnership firm

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Reference no: EM13338466

1. Does the individual partners are liable to pay taxon interest received from the partnership firm? Justifyyour answer in either case.

2. A local companyhas hired services of private security guards for security of itskey management personnel. Should the management staff be taxed forthis benefit?

Reference no: EM13338466

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Interest received from the partnership firm : Does the individual partners are liable to pay taxon interest received from the partnership firm? Justify your answer in either case. A local companyhas hired services of private security guards for security of itskey management personnel. Should th..

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