Easy Office
LCI Learning

FIRM IN LOSS

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 July 2009 A PARTNERSHIP FIRM HAS SALE WORTH RS : 10
LAC AND NO G.P. HAS BEEN SHOWN IN TRADING A/C. LOSS OF RS : 5000 REFLECT IN P & L.
NO INTT AND SALARY PAID TO PARTNERS.

WILL DECLAIR OF 5% NET PROFIT MUST ?

SUGGEST ANY IDEA
Profile Image

Maninder Jain

Profile Image

Maninder Jain (Expert)
31 July 2009 Dear Munish

Declaration of 5% is not a must. Just file the return in time so that the firm can carry forward its losses

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links