partner income tax return
prashant Kumar Singh (student) (246 Points)
31 July 2018prashant Kumar Singh (student) (246 Points)
31 July 2018
CA Jubair J Jeri
(Practicing Chartered Accountant)
(147 Points)
Replied 31 July 2018
No , you have to show profit in partners income tax return , as such their will no tax liability on that share of profit from firm , as it is exempt under section 10(2A)
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)