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prepare capital a/c

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student
54 Points Posted on 09 July 2017
tax paid on profit of partnership can also taxabe as under personal income tax.
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On 09 July 2017 at 10:57 Report
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SEO Sai Gr. Hosp.
211604 Points Posted on 09 July 2017

No. Not on shares of partner of net available after taxation.......

581 Reply
On 09 July 2017 at 11:42
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Article Student
357 Points Posted on 09 July 2017
No... The share of profit from partnership firm is not taxable in the hands of partner.
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On 09 July 2017 at 12:22
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2 Points Posted on 09 July 2017
Share income of a partner is exempt from tax u/s 10(2A). Therefore it is not taxable under personal income tax
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On 09 July 2017 at 12:24


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