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Querist : Anonymous

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Querist : Anonymous (Querist)
03 November 2011 as per schedule 6,if there is an amount invested in the capital of a partnership firm, y is it shown under the heading investments and not loans ?

03 November 2011 It is investment only. not nature of loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 November 2011 sir,am asking the logic behind it

04 November 2011 If see the definition of investment
Investments are assets held by an enterprise for earning income by way of
dividends, interest, and rentals, for capital appreciation, or for other benefits
to the investing enterprise.

For loan there will be a pre-dermined rate of interest and for specific time period.

investment in partnerships is defiantly comes under investment as there is no fixed rate of earnings and specific time period.


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