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      Income Tax

      A partner of the firm/LLP receives interest on capital and remuneration from the firm/LLP. Whether such interest and remuneration shall also be exempt u/s 10(2A).

      16 May, 2018

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      Manual - Exempted Income u/s 10 - Assessee Specific

      As per section 10(2A), the exemption is limited only to share of profit and does not apply to interest on capital and remuneration received by the partner from the firm/LLP.

       

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