Business Income
This query is : Resolved
18 February 2011
A partnership firm in its partnership dedd has mentioned that its business is to provide business service facilities. A business service agreement is entered into for that purpose. So the receipts for the same will be taxable under which head of income? Please advise. Can anyone provide with a caselaw supporting the same?
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Guest
(Expert)
18 February 2011
Income from business/ Profession.
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