Can partner of firm opt section 44ada
This query is : Resolved
23 September 2018
Urgent Query -
Can a partner of firm, receiving remuneration and interest on capital opt for Section 44ADA (Presumptive Taxation). The total amount of remuneration and interest is less than 50lacs.
Can a partner of firm, receiving remuneration and interest on capital opt for Section 44ADA (Presumptive Taxation). The total amount of remuneration and interest is less than 50lacs.
23 September 2018
No, partner of firm, receiving remuneration and interest on capital can't opt for Section 44ADA.
23 September 2018
Seems presumptive taxation can be opted by partner's of professional firm's for
remuneration and interest following the ITAT decision in Usha Narayanan,
[TS-6853-ITAT-2013(KOLKATA)-O],
remuneration and interest following the ITAT decision in Usha Narayanan,
[TS-6853-ITAT-2013(KOLKATA)-O],
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Applicability of Ind As to associate of associate
- Filing of Form 10BB instead of Filing Form 10B
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
