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[Cites 0, Cited by 0] [Section 309] [Entire Act]

Union of India - Subsection

Section 309(4) in The Income Tax Act, 2025

(4)Any interest paid by a member on capital borrowed by him for the purposes of investment in the association or body shall, in computing his share chargeable under the head "Profits and gains of business or profession" in respect of his share in the income of the association or body, be deducted from his share.