CBDT Issues Guidelines on Partnership Firm Taxation Under Section 45(4) & 9B of the Income Tax Act [Read Circular]

CBDT, on 2nd July 2021, issues guidelines on Partnership Firm taxation u/s 45(4) and 9B of the Income Tax Act.

The guidelines have come after insertion of Section 9B in the Income Tax Act vide Finance Act 2021.

The Circular can be accessed by Clicking Here