Partnership business income

visu iyer (mentor) (834 Points)

25 May 2021  

A partnership firm where two were partners,

both invest their money in the firm and the firm is in trading at stock market and making profit. 

Now\

-  the profit to the firm will be capital gain and

- share of profit from the business is business profit or loss

Is this is correct.

Veterans, please guide and advise.