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44AD and partnership firm
If presumptive income under 44AD is taken then is the remuneration and interest taxable or exempt in the hands of partner personal income?
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First of if a partnership firm opt u/s 44AD then no way for claim Interest and Remuneration.
But, After offer the profit @ 6%* / 8% then the profit share is exempted in partner's hand...
But, After offer the profit @ 6%* / 8% then the profit share is exempted in partner's hand...
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