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Share of profit and remuneration received by Indian partner from US Partnership firm - Income TaxExtract Dear Sir, In India we have a section 10(2) for exempting the share of profit received by partner from partnership firm in the hands of partner form Indian partnership firm. My doubt goes like this, Suppose if Indian partner who is a partner in US partnership firm and receives partner's shares and remuneration, how it will be taxed here in the following cases. 1. If foreign partnership firm is liable for tax in US and 2. If foreign partnership firm is not liable for tax in US Thank you in advance
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