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partner income tax return
if partnership firm is in loss bt opt 44 AD & surrender 8% profit then we consider the surrendered profit in income tax return of partner or we have show nil profit from partnership firm in return of partner
Replies (1)
No , you have to show profit in partners income tax return , as such their will no tax liability on that share of profit from firm , as it is exempt under section 10(2A)
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