If a registered partnership firm opts for Sec.44AD and file IT return accordingly, then how the share of profit will be taken in the hands of the partners in their personal return in the following two cases-
a) the firm maintaining accounts but for obtaining benefit it has filed return under sec.44AD?
b) the firm doesn't maintain accounts at all?
In either case the shares are distributed to partners as per their sharing ratio, and it remains tax-free in individual hands.
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