Taxable r not
Rakshitha (cs) (191 Points)
19 August 2015
share f income from joint venture is taxable for all 3 residents r exempt from tax
Arun Kumar
(Auditor & Tax Practitioner)
(168 Points)
Replied 19 August 2015
If the Income was taxed in the hands of Joint Venture then it is an exempted Income, otherwise it attracts Tax in the hands of all 3 residents.
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