Easy Office
LCI Learning

Received from Partnership is Taxable or Not

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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,
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
26 January 2022 Remuneration and interest is taxable.

Share of profit is exempted income.

No need to deduct tax from all the said payments.
Profile Image

Daya

Profile Image

Daya (Querist)
26 January 2022 Thanks sir,
to Give prompt reply.
Upgrade to CAclubindia Pro. Subscribe Now!


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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links