INVESTMENT OF SHARES AND MUTUAL FUNDS BY PARTNERSHIP FIRM
This query is : Resolved
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.
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.
04 February 2022
If you wish to deduct expenses as mentioned above, treat it as business income.
05 February 2022
ok. thanks sir.
05 February 2022
Most Welcome..
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