Finance bill 2016 passed in lok sabha
This query is : Resolved
09 May 2016
It is proposed in finance bill 2016 for not allowed Salary and interest on capital to partners as deduction to the partnership firm if the returns for the partnership firm is filed u/s. 44AD of the income tax act.
as the finance bill 2016 passed by the lok sabha, did they passed the same as asked above by me?
as the finance bill 2016 passed by the lok sabha, did they passed the same as asked above by me?
CA R SEETHARAMAN
(Expert)
09 May 2016
Yes they passed the same as asked above.
09 May 2016
so the tax liability will increase @ 30% slab rate. sir is there any other option?
CA R SEETHARAMAN
(Expert)
09 May 2016
No other option..............
Rupesh Jain
(Expert)
09 May 2016
no option you have to pay the tax
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