Treatment of income of wife in a partnership firm
This query is : Resolved
22 October 2014
if the spouse are the partners of a Firm, the wife remuneration and profit can be show in her income tax returns? If no give a detailed reason
Nikhil Kaushik
(Expert)
22 October 2014
if she is an active partner, then yes it will be shown in her tax return only.
22 October 2014
thank you, can u tell me in which section its covered under income tax 1961
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