Interest income received from firm
This query is : Resolved
CA Manish Agarwal
(Querist)
04 February 2012
taxability of interest income received from the firm by the partner under which head of income.
taxability of partner's remuneration under which head of income
taxability of partner's remuneration under which head of income
CA PARAS BAFNA
(Expert)
04 February 2012
Interest and remuneration received from the firm will be taxed under the head Profits & Gains of Business or Profession.
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