Partnership capital an investment?
This query is : Resolved
Querist : Anonymous
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?
31 March 2014
Yes the amount of investment has to be shown in proprietory B/S.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
31 March 2014
How is the figure (investment in partnership firm) shown in itr 4 Part BS?
31 March 2014
It has to be shown as long term investment- unquoted.
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