Income from firm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 December 2011
Income From Firm to partner is taxable or not
10 December 2011
Share of Profit received by a partner from Firm is exempt from tax u/s 10(2A).
Hari Beldona
(Expert)
10 December 2011
The share of income of a partner of the firm which is assessed as such is exempt from tax. Such share should be as per the profit sharing ratio mentioned in the partnership deed.
CA MANOJ GUPTA
(Expert)
11 December 2011
BUT ANY REMUNEARTION AND INTT FM FIRM IS TAXABLE
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
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