REGARDING TREATMENT OF SHARE INESTMENT
This query is : Resolved
Suresh S. Tejwani
(Querist)
27 July 2024
IF FOUR PARTNERS A,B,C & D FORMS ONE PARTNERSHIP FIRM AND ALL PARTNERS HAVE INVESTED IN SHARE MARKET AND EARNS GAIN OF RS.100000 NOW CAN THEY SHOW SUCH GAIN IN THE HEAD OF PGBP AND CAN THEY DEDUCT EXPENSE FROM SUCH PROFIT?
(PS: DEMAT ACCOUNT IS IN THE NAME OF FIRM)
(PS: DEMAT ACCOUNT IS IN THE NAME OF FIRM)
27 July 2024
AIS report will declare the transactions in firm PAN. and firm will be liable for its taxability.
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