Can a partner of firm, receiving remuneration and interest on capital opt for Section 44ADA (Presumptive Taxation). The total amount of remuneration and interest is less than 50lacs.
23 September 2018
Seems presumptive taxation can be opted by partner's of professional firm's for remuneration and interest following the ITAT decision in Usha Narayanan, [TS-6853-ITAT-2013(KOLKATA)-O],
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