Profit From Partnership firm
This query is : Resolved
14 September 2010
Whether profit from Partnership firm is expemt in the hands of the partner since the firm pay tax on it and if it is expemt than we would consider it in cal of MAT or not
14 September 2010
Hi
MAT is applicable only for corporate assesses
MAT is applicable only for corporate assesses
14 September 2010
share of profit from partnership firm is exempt in the hands of the parnters u/s 10(2A). MAT is not applicable in case of firm
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