partner income tax return
prashant Kumar Singh
(student)
(247 Points)
prashant Kumar Singh
(student)
(247 Points)
CA Jubair J Jeri
(Practicing Chartered Accountant)
(147 Points)
Replied 31 July 2018
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)
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)