Houseproperty income of a firm in the books of partners
Querist : Anonymous
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
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Partners receive an after tax amount as share in profit.
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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.
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Querist : Anonymous
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