Question

Share of income from firm is

Answer 1

Explanation:

The share of profit, received by a partner, in the total income of the firm is exempt from income tax in the hands of the partners. The share of profit, received by a partner, in the total income of Limited Liability Partnership is exempt from income tax in the hands of the partner.

i hope its helpful

Answer 2

Answer:

The share of profit, received by a partner, in the total income of the firm is exempt from income tax in the hands of the partners. The share of profit, received by a partner, in the total income of Limited Liability Partnership is exempt from income tax in the hands of the partner.

Explanation:

plz folow me and give me a lot of thanks plz plz