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Salary and interest received by partner from 44AD opted firm

Nitin Arora

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?

Clarification Sought on Taxability of Partner's Salary or Interest from Firm under 44AD Presumptive Taxation Scheme A query was raised regarding the taxability of salary or interest received by a partner from a firm that has opted for the 44AD presumptive taxation scheme. The discussion seeks to clarify whether such income is taxable or exempt in the hands of the partner. (AI Summary)
Income Tax
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