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A partner in a registered firm will be entitled to deduction u/s 35 of the Income-tax Act, 1961 for contributions to approved Scientific Research Institutions etc. made by him from his share of profits in the firm. - Income Tax - 881/CBDTExtract INSTRUCTION NO. 881/CBDT Dated : September 25, 1975 Section(s) Referred: 35 Statute: Income - Tax Act, 1961 Reference is invited to the Board's Circular Letter No. 11/13/69-IT(AII), dated the 16th September, 1969 on the above subject, wherein the Board had clarified that a partner in a registered firm will be entitled to deduction u/s 35 of the Income-tax Act, 1961 for contributions to approved Scientific Research Institutions etc. made by him from his share of profits in the firm. 2. A doubt has been raised whether the deduction u/s 35 would be admissible in a case even where the share of the partner in the income of the firm apportioned u/s 67(2) of the Act does not include any income chargeable under the head "Profits and gains of business or profession". In view of the position that the deduction u/s 35 of the Income-tax Act, 1961 is to be allowed only in computing income chargeable under the said head, the partner of a firm would not be entitled to deduction u/s 35 if his share of profit in the firm does not include any income under that head. 3. The above clarification may please be brought to the notice of all the officers working in the charge for compliance.
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