05 November 2009
If any partner has given his owned premises for conducting the business of partnership firm without any rent wherein he was also a partner, can it be treated as Deemed to be let out(DLO) for the taxation purpose?
05 November 2009
no if partner is using the HP for partnership in which he is a partner, Then it will be treated as HP use for business and profession,
AND HENCE IT WILL BE OUT OF PREVIEW OF INCOME FROM HP
CAclubindia
