banner_ad

profit from partnership firm

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 June 2010 sir , if company invested in partnership firm and profit earned during the year is it necessary to disclose it or we can show it in mis. income.
Profile Image

Rasesh

Profile Image

Rasesh (Expert)
04 June 2010 Company' Share of Profit in the Partnership firm should be disclosed seperately and should not be clubbed with Misc. Income.

View of other members requested.
Profile Image

CS ,CMA Shambhu Kr. jha

Profile Image

CS ,CMA Shambhu Kr. jha (Expert)
10 December 2010
If any company is a partner in any partnership firm and getting profit therefrom it will be it's income and need to disclosed it will not be treated as mis.income .
But a lot depend upon the memorandum of association of the company
Thanks
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details