Tax treatment of negative partner's capital on retirement from the firm
Hardik (Professional) (918 Points)
29 October 2019Hardik (Professional) (918 Points)
29 October 2019
Niteesh Sinha
(other)
(280 Points)
Replied 29 October 2019
Being loss of capital nature, it cannot be set off with other income.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"