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Partnership capital an investment?

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 March 2014 If a proprietor of a self-proprietory concern invests in a partnership firm, is the capital so invested treated as an investment in his proprietory balance sheet?
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Harsha goyal

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Harsha goyal (Expert)
31 March 2014 Yes the amount of investment has to be shown in proprietory B/S.
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Querist : Anonymous

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Querist : Anonymous (Querist)
31 March 2014 How is the figure (investment in partnership firm) shown in itr 4 Part BS?
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Harsha goyal

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Harsha goyal (Expert)
31 March 2014 It has to be shown as long term investment- unquoted.

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