Menu
P&L in case of Death of a Partner
In case of death of a Partner, what shall be the treatment of Profit & Loss from beginning of F.Y. till date of death? His legal heir has admitted as partner w.e.f. death date...
Replies (1)
Prepare Financial statement as on the death date, & share the profits as on the end of the date.
Amendment in partnership can be effective from next date.
Recent Threads
- Shall I pay GST payment for unkonwnly cancelled in
- Error in GSTR1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
Related Threads
CAclubindia
