Janak (Chartered Accountant ) (98 Points)
18 March 2013In what circumstances rent income of parnership firm with primary business other than renting of property, be taken into consideration for calculation of book profit ?
VIKAS.A
(SOMETHING IS BETTER THAN NOTHING)
(1095 Points)
Replied 18 March 2013
I THINK IN CASE THE PROPERTY IS BOUGHT IN NAME OF PARTNERSHIP FIRM OR IN ANY AGREEMENT THE ASSET RELATES TO FIRM
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