Calculation of Distributable profit of Partners
This query is : Resolved
16 December 2019
which amount to be taken in the individual partner return as Partnership share
a) amount calulated in balancesheet in patner schedule
b) amount after Income tax adjustment like DEP, 43B etc
a) amount calulated in balancesheet in patner schedule
b) amount after Income tax adjustment like DEP, 43B etc
16 December 2019
Share of profit from partnership is exempt from tax hence consider amount a above.
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