partnership firm profit distribution
ashwani harbansh (student) (38 Points)
30 July 2018ashwani harbansh (student) (38 Points)
30 July 2018
Anjali P Nair
(ACA,ACMA)
(582 Points)
Replied 30 July 2018
It is after tax provision.Because firm is liable to make tax provision for full profits.profit income in the hands of partners are exempted under section 10(2A).