A partner in a registered firm will be entitled to deduction u/s 35 of the Income-tax Act, 1961 for contributions to approved Scientific Research Institutions etc. made by him from his share of profits in the firm.
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Deduction for scientific research contributions allowed from a partner's share only if that share is business income. A partner in a registered firm may claim a deduction for contributions to approved scientific research institutions only where those contributions are made from his share of profits that includes income chargeable as profits and gains of business or profession; if the partner's apportioned share contains no business income, the deduction is not allowable.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deduction for scientific research contributions allowed from a partner's share only if that share is business income.
A partner in a registered firm may claim a deduction for contributions to approved scientific research institutions only where those contributions are made from his share of profits that includes income chargeable as profits and gains of business or profession; if the partner's apportioned share contains no business income, the deduction is not allowable.
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