I would like to know that if a company is a partner in a partnership firm then will it be able to get the benefit of section 10(2A) and how will it be treated in Income Tax?
Will it be liable for MAT on share of profit received by the company from partnership firm?
07 March 2012
1. The share income will be exempt fm tax 2. The share income will b excluded while computing book profits for the purposes of section 115JB CA MANOJ GUPTA JODHPUR 09828510543
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