CA Yuvraj Tiwari (Chartered Accountant) (86 Points)
25 March 2013Sir,
Can a Partner recieving salary, interest and share from Partnership file itr u/s 44 AD.
Yuvraj
CA Jatin Kacha
(Chartered Accountant)
(230 Points)
Replied 27 March 2013
Benefit of section 44AD is for business income.
if partner has proprietorship along with partnership, then he may be take the advantage subject to other conditions are fullfilled.
"Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
