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Income tax
What are the provisions of sec 10(2A) of Income Tax Act 1961??
Replies (3)
Share of profits from a firm is exempt in the hands of partern to the extent the firm is assessed seperately
It is an exemption section available to the partner of a partnership firm wherein the share of profits derived from the partnership firm will be exempted in the hands of partners in their PSR
Thank u Rinkal and karthik....You r really helpful
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