Amount of salary paid to a working partner by a partnership firm is taxable in the hands of partner in the assessment year as per provisions of Income tax Act, 1961 under ______.
CS Executive · Tax Laws and Practice · PYQS · December 2020
Amount of salary paid to a working partner by a partnership firm is taxable in the hands of partner in the assessment year as per provisions of Income tax Act, 1961 under ______.
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Assessment of Firms
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