this current year he does not have any other income except interest income from partnership firm, previous year He was having other buisness income and depreciation was adjusted, but this he do not have other income, but he have calculated depreciation, will it be adjusted in Itr of partner
The Partner can't close his individual business. So, He will depreciate the asset (individual Business) then he must prepare BS and PandL for the Individual business then he can set off the value his total income (Partnership and Individual).
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