Allowance by partnership firm
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 June 2013
a partnership firm is providing allowance to its partners. i want to know whether these allowances will be deducted or exempted in the patrners income tax
24 June 2013
Share from the Partnership is exempted. salary, allowance etc are taxable for individual partner.
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