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REGARDING TREATMENT OF SHARE INESTMENT

This query is : Resolved 
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(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)
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
27 July 2024 AIS report will declare the transactions in firm PAN. and firm will be liable for its taxability.
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