Salary by a partner is taxable under the head_____
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12 August 2013 As per Section 28(v) salary received by a partner from a partnership firm is taxable as business income. Accordingly benefit of Section 44AD will be AVAILABLE. The salary shall be taken to be the gross receipts.
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salary received by a partner from a partnership firm is taxable as business income. Accordingly benefit of Section 44AD will be AVAILABLE. The salary shall be taken to be the gross receipts
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