I would be glad if someone answers my querries in the following regard:
| 1 | Can a partnership firm take loan from others(i.e. friends & relatives fo partners) | ||
| 2 | If yes what is the maximum percentage of interest that can be paid to them | ||
| 3 | If in the partnership deed the business mentioned is "Renting of movable & immovable property", under which head would rent from flats, shops be taken Income from House property or Business & profession. | ||
| 4 | What is the rate of tax on capital gains for partnership firm | ||
| 5 | Can business income of current year be set off against Capital Gains of current year, | ||
| what if the business losses are of previous years, can set off be claimed | |||
Kind Regards,
Rehman
CAclubindia
