Remuneration from Partnership Firm - 44AD

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..... Remuneration from Partnership Firm is taxed under the Head Income From Business or Profession by virtue of Section 28 Section 44AD allows to show Income under the Head Income from Business or Pr .....

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..... ofession @ 8% of Gross Receipts/Turnover. So can I apply the same 8%, on Remuneration or Interest from Partnership Firm and file my returns? For Eg: If my Remuneration from Partnership Firm is Rs,1 .....

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..... 2,00,000 and Interst on Capital received is Rs,10,00,000 can I compute 8% on 22,00,000 (Interest Remuneration) and show my Income as Rs,1,76,000. If Not, then which Section or Rule stops me from .....

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..... doing the same? - Reply By CASusheel Gupta - The Reply = Refer to decision in MR. A. ANANDKUMAR VERSUS ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, SALEM = 2019 (2) TMI 165 - ITAT CHENNAI w .....

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..... hich denies such treatment. CA Susheel Gupta 9811004443 - Remuneration from Partnership Firm - 44AD - Query Started By: - NIKITA JAIN Dated:- 14-3-2019 Income Tax - Got 1 Reply - Income Tax - .....

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..... Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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