BENIFITS TO PARTNERS
This query is : Resolved
BRIJ KUMAR GUPTA
(Querist)
08 August 2007
SIR/MADAM
I WANT TO KNOW
IF THE PARTNERSHIP FIRM GIVES THE TAX LIABILITY OF PARTNERS AS BENEFITS THEN WHETHER THE PARTNERS WILL BE BENEFITED WHILE CALCULATING TAX OF PARTNERS
I WANT TO KNOW
IF THE PARTNERSHIP FIRM GIVES THE TAX LIABILITY OF PARTNERS AS BENEFITS THEN WHETHER THE PARTNERS WILL BE BENEFITED WHILE CALCULATING TAX OF PARTNERS
11 August 2007
Dear Sir
The question is not clear.
Do you come to say the following-
If the firm pays the income tax dues of the partners, whether partners can claim the same during their individual tax calculation?
If firm pays for partner's IT due, as per that challan (with partner's PAN therein) partner claims tax credit.
It is treated as drawing by the partner.
Is your question answered?
The question is not clear.
Do you come to say the following-
If the firm pays the income tax dues of the partners, whether partners can claim the same during their individual tax calculation?
If firm pays for partner's IT due, as per that challan (with partner's PAN therein) partner claims tax credit.
It is treated as drawing by the partner.
Is your question answered?
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