TMI BlogCharacterization of interest income from the partnership firm as business income - Presumptive income...Characterization of interest income from the partnership firm as business income - Presumptive income @8% u/s 44AD - Interest and salary received by the assessee from firms in which he was a partner - conspicuously section 28(v) has not been included in sub-section (2) of Section 44AD which deals with any interest, salary, bonus, commission or remuneration by whatever name called, due to or received by, a partner of a firm from such firm. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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