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Income from firm

This query is : Resolved 
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(Querist)
21 March 2014 The Firm has only Agriculture Income. Partner receive the income from firm.

then, In the hands of the partner the income from firm is exempt as partner receive from firm or not ??

or

Partner showing as income under agriculture income in his return??
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Sandeep Dharar

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Sandeep Dharar (Expert)
21 March 2014 Income received from Firm AOB BOI r fully exempted income..
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CA Himanshu vasani

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CA Himanshu vasani (Querist)
21 March 2014 partner has also another income then also the same effect ???
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
22 March 2014 Share of profit of a partner from a firm engaged in agricultural operations is "agricultural income" in the hands of the partner.


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