One of our client is asking whether he can claim benefits of section 80 IAC for his partnership firm. It is available for a partnership firm registered in 2020 ?
It is not a LLP.
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Income tax 80 IAC Benifit to partnership firm
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Section 80IAC of the Income tax act , applicable to only Companies or LLP.
Sir, Is there any other exemptions for income of a partnership firm other than the above one.
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