AMOUNT TRANSFERED TO ANOTHER BUSINESS TREATED INVESTMENT OR DEBTORS IN IT ACT
This query is : Resolved
08 December 2021
SIR,
It assessee individual returns filed.assessee some amount transfered(investments) to a partnership firm.
Question:
assessee individual accounts it returns amount transfered to partnership treated investments or bebtors head of account show in it returns.
It assessee individual returns filed.assessee some amount transfered(investments) to a partnership firm.
Question:
assessee individual accounts it returns amount transfered to partnership treated investments or bebtors head of account show in it returns.
08 December 2021
Generally it is treated as partner's capital or loan, if specified otherwise.
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