Preseumptive income of partnership firm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 November 2014
In case of partnership firm, whether the presumptive income u/s.44AD should be more than 8% of the total turnover before allowing salary and interest to partners ?
07 November 2014
yes. it has to be before providing for salary and interest to partners..
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