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Taxability
I have a query if partnership firm getting rental income from property which is registered in the name of partners then it will be consider as business income/ other source/ house property. Rental income is received by firm in its bank account after deduction of TDS
Replies (1)
is the property being shown as an investment in the balance sheet of the p'ship firm.
have the partners introduced the property as capital in the firm
have the partners introduced the property as capital in the firm
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