banner_ad

Entry on loss

176 views 4 replies
Dera sir
if partnership firm is having loss of 75000 in f. y 18-19 and there are three partners and want to take
benifit in income tax in f. y. 2019-20 what are the entry to be done in accounting software
Replies (4)
No benefit of loss can be taken by partner as benifit of loss is taken by partnership firm.

Dear sir

Not by a partner itself. 

But in a partnership firm itself

Normal loss entry but keep in p&L Account (distributable) but carry forward for tax purposes. Or right now distribute and take automatical benefit when set off in subsequent year

Dear sir

What is entry is to be done in accounting software  and how to do


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details