Houseproperty income of a firm in the books of partners
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 June 2013
sir,
what is the treatement of house property income of a firm in the books of the partners & how to show the income in the partners individual computation ,under what section the income of the house property is exempted in the individual computation if the partners
what is the treatement of house property income of a firm in the books of the partners & how to show the income in the partners individual computation ,under what section the income of the house property is exempted in the individual computation if the partners
30 June 2013
The firm pays tax on the HP income by including the same in its computation of Total Income.
.
Partners receive an after tax amount as share in profit.
.
It is exempt U/s 10(2A) and has to be shown under the head Income exempt from Tax in the Individual Return of partners.
.
.
Partners receive an after tax amount as share in profit.
.
It is exempt U/s 10(2A) and has to be shown under the head Income exempt from Tax in the Individual Return of partners.
.
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 July 2013
thanks for the reply sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR -1 Filing
- Section 54 f disallowed will be taxed at what rate
- TWO FIRM NAME IN ONE GST NUMBER
- Transportation of Petrol, Diesel by GTA and Other than GTA
- Eway issued more than one
- Trust 10AB form required for old asst. years?
- TDS whether applicable or not in case of Flat purchase
- IGST Refund pending since June 2022.
- Transfer of rectification rights to ao
- Transfer of Rectification Rights to the Jurisdictional Assessing Officer
- CHANGE IN PARTICULARS OF DIRECTOR
- Procedure and Documents Required for Release of FD from DVAT
- How to rectify gstr1 credit note
- Non- payment of GST on supply of services- reg
- Other party gstin shown on my login id
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
- Query on TDS Section 194H
- Fees amount transfer procedure for two doctors
- Notice u/s 148 of IT Act
Trending Online Classes
CAclubindia
