How to compute tax of a partner of a partnership firm?
shreya singal (student) (297 Points)
23 April 2017How to compute tax of a partner of a partnership firm?
return of income tax sarapately file for partner of a partnership firm
what income patners receving from patnerhip firm
it may be salary it may interest it may be profit
and all depend on what conditions mentions in patnership firm
share of profit received from firm is tax free since tax on it
already paid by patnership firm
now question of interest and salary it will add to personal income of patners
and tax is calculate on it as per slabs
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