Taxable

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Jalna
298 Points Joined July 2015
Dear Expert If a Proprietor get Remuneration and interest from there another partnership business then can this remuneration and interest will taxable under in his Proprietorship business
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On 18 March 2018 at 14:03 Report
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CA Student
1683 Points Joined September 2012
partners remuneration is taxed in parynership firm hence I will not again taxable. it will not taxable in proprietorship business.
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On 18 March 2018 at 14:17
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Audit Assistant
556 Points Joined June 2015
Remuneration & Interest on capital both are taxable income to partner.
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On 18 March 2018 at 14:54
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Jalna
298 Points Joined July 2015
But under partnership business is taxable or under Proprietor business is not taxable is it right or wrong
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On 18 March 2018 at 15:42
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Audit Assistant
556 Points Joined June 2015
In partnership firm the remuneration & interest shows as expenses that's why it's taxable income for Proprietorship firm. (individual)
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On 18 March 2018 at 15:59
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7059 Points Joined January 2017
good clarification and information
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On 10 August 2019 at 23:40


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