sir interest paid to owner on his capital invested, should be finance cost and finance costs are allowable deductions against income. so i want to understand why former is being disallowed from deduction against trading income, in case of self-employment income.
Noah you really must look at notes and lectures before asking questions on issues that are clearly stated in both – please look in study notes, page 49, chapter 8 on partnerships, section 2 note (b)