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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Claim for estimating income / deemed income u/s 44AD on ...


Section 44AD: Partner's Remuneration and Interest Not Classified as Business Income for Tax Compliance.

February 4, 2019

Case Laws     Income Tax     AT

Claim for estimating income / deemed income u/s 44AD on remuneration and interest received from firms - the intention was to help small business to comply with the taxation provisions. Intention was not at all to construe a partner’s remuneration or interest as business income.

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