TMI BlogSalary and interest received by partner from 44AD opted firmX X X X Extracts X X X X X X X X Extracts X X X X ..... whether salary or interest received by a partner from the firm which has opted 44AD presumptive scheme is taxable or exempt in the hands of Partner? Let us assume A.Y. 2019-2020 FIRM OPTED ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... PRESUMPTIVE TAXATION UNDER 44AD FIRMS'S TURNOVER(non digital) = 95 LACS SALARY PAID TO PARTNER A AND B 240000 EACH P.A. INTEREST PAID TO PARTNER A AND B 120000 EACH P.A. PARTNERS ARE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... HAVING NO INCOME OTHER THAN SALARY AND INTEREST NOW MY QUESTION IS WHAT IS TOTAL INCOME OF PARTNERSHIP FIRM? WHAT IS TOTAL INCOME OF PARTNER A AND B? - Salary and interest received by partner ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... from 44AD opted firm - Query Started By: - Nitin Arora Dated:- 18-10-2019 Income Tax - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndia - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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