03 November 2011
as per schedule 6,if there is an amount invested in the capital of a partnership firm, y is it shown under the heading investments and not loans ?
04 November 2011
If see the definition of investment Investments are assets held by an enterprise for earning income by way of dividends, interest, and rentals, for capital appreciation, or for other benefits to the investing enterprise.
For loan there will be a pre-dermined rate of interest and for specific time period.
investment in partnerships is defiantly comes under investment as there is no fixed rate of earnings and specific time period.