Taxability
This query is : Open
16 December 2016
If an assesee is having one shop and do business of trading and his son also co assist his father in that business then how the profitability will be taxed and in whose hands.
16 December 2016
Profitability taxed in the hands of father.
17 December 2016
then in his son's itr no business income will be shown
17 December 2016
Yes, you can show salary from business
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