agricultural income
This query is : Resolved
19 March 2009
wheather non agricultural land owner can be a partner in a firm which is already enjoying income tax exemption by engaging in it in agricultural activities&if he is eligible to be a partner wheather his share in the income is exempt.
19 March 2009
Partnership profits are always exempt in the hands of partners whether that is agriculture income or business income.
Yes, A pertner can be admitted in partnership firm whether he has land or not or agri. land or non-agri land.
Yes, A pertner can be admitted in partnership firm whether he has land or not or agri. land or non-agri land.
19 March 2009
Yes.
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