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Sec 28(v)pgbp

Direct Taxation

if you receive any interest salary bonus commission .. from a partnership firm as a partner.... is the partner is required to pay the tax for the amount that he received?...when tax on it was paid by the firm....not share of profit

Bharadwaj V

CA Inter

★ 15

05-Apr-21 13:47

338

Answers (2)

Best Answer

The amounts which are deductible as Remuneration or Interest in the hands of the firm under Section 40(b) are taxable in the hands of the partner

Sudha Reddy

CA Final

★ 20K+

05-Apr-21 13:55

Sudha Reddy

The amounts which are deductible as Remuneration or Interest in the hands of the firm under Section 40(b) are taxable in the hands of the partner

Thank u

Thread Starter

Bharadwaj V

CA Inter

★ 15

05-Apr-21 14:44

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Sec 28(v)pgbp

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