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  Start a discussion   Unanswered Report Abuse

K.Ganesh (CA)     24 September 2012

Partnership

Hi

 

Are drawings drawn from the partner's capital account taxable in partners; hands?



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 2 Replies

CA SANKAR

CA SANKAR (PRACTING CHARTERED ACCOUNTANT )     26 September 2012

No.It is not taable
CA SANKAR

CA SANKAR (PRACTING CHARTERED ACCOUNTANT )     26 September 2012

Sorry for the spelling mistake. It is not taxable

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