Standard deduction for partners drawing salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 June 2018
Dear Experts,
Kindly advise where the partners in partnership firm are eligible for standard deduction?(40000/-)
Kindly advise where the partners in partnership firm are eligible for standard deduction?(40000/-)
29 June 2018
No, because that income is taxed u/s 28(v) and not u/s 17.
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