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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?

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?

09 May 2016 No other option..............

09 May 2016 no option you have to pay the tax


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