Pre- Incorporation Revenue & Expense


Student CA Final

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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KVO Merau Kutchh

What is the nature of the income earned...

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

 

 
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Student CA Final

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