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INVESTMENT OF SHARES AND MUTUAL FUNDS BY PARTNERSHIP FIRM

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(Querist)
04 February 2022 Dear experts.
i'm, one of the partner in partnership firm. (doing equity shares trading and mutual fund ) not F&O)

long term/ short term Income from equity share - how do i treat? it's capital gain or business income?

if treated as Capital gain income. how can i shows my office expenses,(office rent, wages, salary)

how i calculate net profit. ( i had STCG/LTCG)

Regards
Manager.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
04 February 2022 If you wish to deduct expenses as mentioned above, treat it as business income.
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prem kumar

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prem kumar (Querist)
05 February 2022 ok. thanks sir.



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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
05 February 2022 Most Welcome..

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