Salary received by a partner from his partnership firm is considered in his personal assessment as— (A) Income from salary (B) Profit from business or profession (C) Income from other sources (D) Exempted income.
CS Executive · Tax Laws and Practice · PYQS · June 2016
Salary received by a partner from his partnership firm is considered in his personal assessment as— (A) Income from salary (B) Profit from business or profession (C) Income from other sources (D) Exempted income.
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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