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Assessment proceedure

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 April 2010 Mr X is a partner in a firm but not a working partner,whose turnover for the P.Y 2009-10 is Rs 75 Lakhs What is the due date of filing return?Under what head would his income be assessed to tax?

"If the income is interest on capital employed"

(not in receipt of any other income from partnership firm)
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
28 April 2010 Interest received is Business income, he is liable for audit u/s 44AB & due date 30.09.

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