Income Tax Act · s 29

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s 29Partnership

Where a trade, business, profession or vocation is carried on by two or more persons jointly, the income of any partner from the partnership for any period is deemed to be the share to which he was entitled during that period in the income of the partnership, such income being ascertained in accordance with the provisions of this Act, and shall be included in the return of income to be made by such partner under the provisions of this Act.

Income Tax 64