Remuneration received from firm can’t be construed as gross receipt for purpose of tax audit u/s 44AB : HC

INCOME TAX : Where assessee was only a partner in a partnership firm and was not carrying on any business independently, remuneration received by assessee from said partnership firm could not be treated as gross receipts of assessee and, accordingly, assessee was justified in not getting her accounts audited under section 44AB with respect to such remunerationINCOME TAX : Where assessee was only a partner in a partnership firm and was not carrying on any business independently, remuneration received by assessee from said partnership firm could not be treated as gross receipts of assessee and, accordingly, assessee was justified in not getting her accounts audited under section 44AB with respect to such remunerationwww.taxmann.com Latest Case LawsRead More

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