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Partnership and individual return of p

This query is : Resolved 

05 January 2015 interest on capital, remuneration, salary of partners where it should be taxable.

05 January 2015 salary to partners is exewmpted u/s 10(2).

while others are taxable as income from business or profession.

11 January 2015 Two different replies on similar queries.

See replies at link given below:

https://www.caclubindia.com/experts/partnership-firm-and-partners-1959384.asp#.VLHfFiuUfUs

Salary to partner is not exempted. Share of profit to Partner in Firm is exempted that too u/s 10(2A) and not Section 10(2).


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