Easy Office
Easy Office

Head of income

This query is : Resolved 

31 January 2017 If a Partner get profit from his partnership frim then, in which head he has to file the returns, income from salary or income business.


Thanking you

31 January 2017 Profit from Partnership firm is fully exempted in the hands of partner u/s 10(2A). The profits are taxable in the hands of Firm.

31 January 2017 In case salary and interest on capital is received from the firm, it is taxable in the hands of the partner under business income head.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries