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
Menu
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.
Recent Topics :
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
Related Topics :
CAclubindia
