Remuneration and interest of a partner from partnership firm not covered U/s 44AD: Madras HC




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Remuneration and interest of a partner from partnership firm not covered U/s 44AD: Madras HC

 

Remuneration and interest received by an individual partner from a partnership firm can not  be subjected to the presumptive taxation Under Section 44AD. This is held recently by the Madras High Court.

The copy of the judgment is as under:

Anandkumar-Vs-ACIT-Madras-High-Court New




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