TaxTMI 
TaxTMI 
whether salary or interest received by a partner from the firm which has opted 44AD presumptive scheme is taxable or exempt in the hands of Partner?
Salary and interest received by partner from 44AD opted firm
12 Oct 2019 
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Taxability of partner remuneration: whether salary or interest from a 44AD presumptive firm is taxable in the partner's hands.
Whether salary or interest paid by a partnership firm that has opted for presumptive taxation is taxable in the hands of the partner depends on whether the amounts are characterized as share of profits (generally non-taxable) or as partner remuneration/interest (ordinarily taxable), and on whether such payments are allowable deductions or merely distributions under the presumptive regime. (AI Summary)
Whether salary or interest paid by a partnership firm that has opted for presumptive taxation is taxable in the hands of the partner depends on whether the amounts are characterized as share of profits (generally non-taxable) or as partner remuneration/interest (ordinarily taxable), and on whether such payments are allowable deductions or merely distributions under the presumptive regime. (AI Summary)