4 (4) The net income of a partnership that is calculated and included in the Partnership Income Tax Return for an Income Year is: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a exclusive of any losses incurred by the partnership in the relevant income year b only taxable in the income year in which the partnership elects to file an income tax return and disclose the income to the Commissioner of Taxation C required by sub-section 92(1) ITAA36 to be included in each partner's assessable income to the extent of their interest in the partnership for the period during which they were an Australian tax resident d None of the above