Received from Partnership is Taxable or Not
This query is : Resolved
26 January 2022
Received from Partnership firm is Taxable or Not, in partners hand while computing partners income
Remuneration,
Interest,
Share of Profit from Partnership Firm,
and On which portion TDS apply while paying to partners,
Remuneration,
Interest,
Share of Profit from Partnership Firm,
and On which portion TDS apply while paying to partners,
26 January 2022
Remuneration and interest is taxable.
Share of profit is exempted income.
No need to deduct tax from all the said payments.
Share of profit is exempted income.
No need to deduct tax from all the said payments.
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