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Pre- Incorporation Revenue & Expense


Rahul Rustagi (Student CA Final )     20 June 2019

Rahul Rustagi
Student CA Final  
 11 likes  270 points

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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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Dhirajlal Rambhia (KVO Merau Kutchh)     21 June 2019

Dhirajlal Rambhia
KVO Merau Kutchh 
 9136 likes  92739 points

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What is the nature of the income earned...

If its of same nature of its business, its revenue income..

 

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Rahul Rustagi (Student CA Final )     22 June 2019

Rahul Rustagi
Student CA Final  
 11 likes  270 points

View Profile | My Other Post

Thanx for your reply. Can you plz share any case law on the same, if there is any .???


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