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.
can a partnership firm be shareholderl of a company; and hold shares in the name of the partnership firm.?
I still have doubt..!!
You can treat the trading made at the stock market as PGBP on the basis of the frequency of the transactions
CAclubindia
