Can capital loss, disallowed in income tax return of partnership firm, be taken as deduction in income tax return of respective partners?
Can capital loss, disallowed in income tax return of partnership firm, be taken as deduction in income tax return of respective partners?
Concept ......... capital loss or revenue loss (disallowed)? (firm's account)
How is it going to affect Partner's shares from firm? Is it taxed again?
Pls revise the query....
Karia Overseas
Ahmedabad
CA
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SSGS and Associates
Chennai
CA Inter
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V.K. Ranjan & Co(Chartered Accountants)
New Delhi
B.Com
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CAclubindia
