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Partnership Firm and etc.

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(Querist)
02 September 2009 1)In Partnership Firm scrutiny is going on ACIT ask for regarding u/s 14A so i got confused what he is asking exactly related firm ?

2) Interest recd to partners from partnership Firm whether it is taxable or exempt?

3)what about FBT for the AY 2010-11 is it applicable or not pertaining to this year?

4) Regarding TDS -surcharge is applicable for the AY 2010-11?

5) what is tax slab for the AY 2010-11 ?
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chetan soni

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chetan soni (Expert)
02 September 2009 1. Interest received by partners is taxable in the hands of partners.

2. FBT is not applicable for the A.Y. 2010-11

3. Surcharge & education cess on TDS is removed w.e.f. 01-Oct-09. Till this date it is applicable.

4. For income tax slab rates, you can get this from shared files.
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Deepak Goel

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Deepak Goel (Expert)
03 September 2009 Agree with Chetan
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Madhav Pandharinath Khot

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Madhav Pandharinath Khot (Querist)
06 September 2009 Dear Sir,

My Query no. 1 is still unresolved, I would like to know about the section 14A

Thanks & Regards

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