44ad for partner in a firm

This query is : Resolved 

02 September 2019 There is one partner who has received profit interest and remuneration from 6 partnership firm. Can he declared his income under 44AD?or he can declared all receipts as income? Please give proper sec reference or case law reference.

02 September 2019 Profit is exempt from tax, Declare remuneration and interest as income 44AD not applicable on it.

02 September 2019 That means whichever amount received from all firms as remuneration and interest is 100% shown as income?


02 September 2019 Yes provided 44AD not opted by the firm.

03 September 2019 profit is not taxable in the hands of partners. Interest and remuneration is the income. Can not be opted out u/s 44AD



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