EASYOFFICE
EASYOFFICE
EASYOFFICE

Parnership Firm

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 July 2010 What is the time frame for carry forward of losses for a partnership firm ?

Can the partners of this firmset -off their shares of losses gainstt their respective Business Income or Capital Gains ?
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
16 July 2010 Normal Business Loss of partnership can be carried forward for 8 years to be set off against income of the firm only and not of individual partners.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links