Finology
Finology

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Winding up of manufacturing partnership firm

This query is : Resolved 

18 January 2022 We are in the process of winding up of manufacturing partnership firm. Can prior years business losses be adjusted into current years profit on sale of fixed assets? fixed assets like car, machinery etc....plz advise.

Thanks

18 January 2022 Yes, it can be adjusted.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


Similar Resolved Queries


loading


Unanswered Queries


Follow taxation Exam20 Book Book


Answer Query