INVESTMENT OF SHARES AND MUTUAL FUNDS BY PARTNERSHIP FIRM
This query is : Resolved
Quick Summary
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..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- TDS on Consultancy- Non DTAA
- Eway bill generation from place other than registeted
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- GST rate and HSN code for sale of racing horses
- DIN reactivation
- Condonation . E-Verification of last year return .
- EPF FULL & FINAL RULES IN 2026
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
