https://www.taxtmi.com/highlights?id=105973 Partner's remuneration from a firm or LLP is taxable as business income under section 28(v), subject to adjustment for amounts not allowed as deductions to the firm under section 40(b). As a derivative partnership receipt rather than gross receipts from the partner's own profession, the remuneration falls outside presumptive taxation under section 44ADA. Actual salary receipts may require verification against employer confirmation and bank statements where Form 16 does not cover the full year. A claim that discretionary additional remuneration is non-taxable under the proviso to section 28(v) requires verification, separately from the exempt share of profit under section 10(2A). en-us Thu, 12 Nov 2026 08:39:11 +0530 Thu, 12 Nov 2026 08:39:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=105973 Partner's remuneration from a firm or LLP is taxable as business income under section 28(v), subject to adjustment for amounts not allowed as deductions to the firm under section 40(b). As a derivative partnership receipt rather than gross receipts from the partner's own profession, the remuneration falls outside presumptive taxation under section 44ADA. Actual salary receipts may require verification against employer confirmation and bank statements where Form 16 does not cover the full year. A claim that discretionary additional remuneration is non-taxable under the proviso to section 28(v) requires verification, separately from the exempt share of profit under section 10(2A). Highlights Income Tax Thu, 12 Nov 2026 08:39:11 +0530 https://www.taxtmi.com/highlights?id=105973