Partners:- X Y Z, shares profit or loss equally
Accumulated Losse of PY:- 2L of FY 18-19
CY profit:-12L For FY19-20
partner Mr. Z retired from firm on 31.12.19
Required:-
Taxable income of firm for FY 19-20.
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Taxation of partnership firm
Replies (2)
12l - (2l/3*2)
Whether previous year loss or unabsorbed depreciation loss will be distributed in calculation of final capital of retiring partner?
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