related to 44ad

13 November 2018

my client is a partner in partnership firm he is taking 4500000 as remuneration can he opt for 44ad ?

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5 Replies

Ravi (Ca articleship) (335 Points)
Replied 13 November 2018

if he take professional fee, he is eligible for 44ad

asrajasekhar reddy (28 Points)
Replied 13 November 2018

iam saying partner remuneration

Ravi (Ca articleship) (335 Points)
Replied 13 November 2018

no if he take salary, he is not eligible for 44 ad

Nitesh bind (Student CA Final ) (12692 Points)
Replied 14 November 2018

Yes he can opt. Remuneration received by partner from firm in which he is a partner is considered as Business income under Section 28.

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asrajasekhar reddy (28 Points)
Replied 14 November 2018

are you sure under 44ad

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