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