TMI BlogShare of profit and remuneration received by Indian partner from US Partnership firmX X X X Extracts X X X X X X X X Extracts X X X X ..... Share of profit and remuneration received by Indian partner from US Partnership firm X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... artner 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 i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n US and
2. If foreign partnership firm is not liable for tax in US
Thank you in advance X X X X Extracts X X X X X X X X Extracts X X X X
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