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Loss from partnership firm
Respected members! If any person have loss from partnership firm then such loss amount will be shown in his personal itr? In which he have income from 44 ad also
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Loss from partnership firm has to be shown under firms ITR
Partnership Firm itself is a taxable entity. Any profit or loss will be assessed under ITR 5 and loss if any will be carried forward by Firm only.
About 44AD please clarify what exactly you mean to say ?
About 44AD please clarify what exactly you mean to say ?
It's only to be shown in firm's ITR...
No need to partners individual ITR...
No need to partners individual ITR...
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