Partnership business
This query is : Resolved
02 December 2014
r partners separately liable for tax when they have already paid it from their partnership business?? will it nt amt to double taxation if the ans is yes??
02 December 2014
Partners are liable to pay tax on the remuneration (interest, salary. commission, bonus etc)
This does not amount to double taxation.
This does not amount to double taxation.
18 December 2014
partner will pay tax on intt on capital, remuneration recd. commission if any from the firm.
on profit firm will pay tax and its tax free in hand of partners.
on profit firm will pay tax and its tax free in hand of partners.
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