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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?
Replies (1)
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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