If a partnership firm books Income & certain expenses for the period prior to its formation, then what should be the taxation of thw said income & expense...??
Thanx
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Pre- Incorporation Revenue & Expense
Replies (2)
What is the nature of the income earned...
If its of same nature of its business, its revenue income..
Thanx for your reply. Can you plz share any case law on the same, if there is any .???
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