Dear friends,
Can a partner of a CA firm who has salary income from the firm opt for presumptive taxation while filing his personal income tax return? or should this be treated as normal business income?
Kindly clarify
Thanks
Sandeep
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Adoption of presumptive taxation by a partner of a ca firm
Replies (2)
Normal Business income ..
It should be treated as normal business income as such portion of remuneration is given certain exemption while filling the returns of the firm.
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