disclosure of share of loss in partner's return
This query is : Resolved
01 August 2017
if there is first year of incorporation of partnership firm and there is no business in current year..however certain expenses have been incurred...then loss to that extent will not be carried forward to next year as there is no business...in this case in partner's return will that share of loss has to be disclosed?
02 August 2017
yes.
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