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Income from firm

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 December 2011 Income From Firm to partner is taxable or not
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
10 December 2011 Share of Profit received by a partner from Firm is exempt from tax u/s 10(2A).
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Hari Beldona

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Hari Beldona (Expert)
10 December 2011 The share of income of a partner of the firm which is assessed as such is exempt from tax. Such share should be as per the profit sharing ratio mentioned in the partnership deed.
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
11 December 2011 BUT ANY REMUNEARTION AND INTT FM FIRM IS TAXABLE
CA MANOJ GUPTA
JODHPUR
09828510543

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