Partners can offer income for taxation under section 44AD or 44ADA? – A landmark order by ITAT Delhi In a recent Delhi ITAT (SMC) decision (AY 2018-19), the assessee (a CA & working partner) offered 50% of partner’s remuneration under Section 44ADA. The AO + NFAC (CIT(A)) denied the benefit saying: “remuneration is received as partner, not as “individual professional receipts”, and…
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