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related to 44ad
my client is a partner in partnership firm he is taking 4500000 as remuneration can he opt for 44ad ?
Replies (5)
if he take professional fee, he is eligible for 44ad
iam saying partner remuneration
no if he take salary, he is not eligible for 44 ad
Yes he can opt. Remuneration received by partner from firm in which he is a partner is considered as Business income under Section 28.
are you sure under 44ad
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