INVESTMENT OF SHARES AND MUTUAL FUNDS BY PARTNERSHIP FIRM

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This discussion explores how a partnership firm should treat income generated from trading equity shares and mutual funds. The key question is whether this income should be classified as capital gains or business income. If treated as business income, the firm can deduct office expenses like rent and salaries to calculate net profit.

prem kumar

prem kumar (Querist)
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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.