Mr. Abraham and Mrs. Abraham are qualified Chartered Accountants and are carrying on profession as partners in the same professional firm.

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Question:
Mr. Abraham and Mrs. Abraham are qualified Chartered Accountants and are carrying on profession as partners in the same professional firm.

1.the share of income of both partners will be clubbed under the provisions of Section 64.

2.the clubbing provisions of section 64 will not apply to them.

3.the share income from the firm will be exempt form tax.

4. the clubbing provisions of section 46 will not apply to them.

Posted Date:-2022-01-06 11:52:21

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