Querry
This query is : Resolved
11 November 2013
Profit from firm is taxable or Remuneration from firm is taxable in the hands of partner & in which Section..??
11 November 2013
Remuneration From Partnership Firm is Taxable in the hands of Partner While, Share in Profit From Partnership Firm is exempt in the hands of Partner u/s 10(2A)
11 November 2013
Thank you for reply..
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11 November 2013
Section under which 'remuneration from partnership firm'is taxed is 28(v) of the Income tax Act,1961.
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