Can capital loss, disallowed in income tax return of partnership firm, be taken as deduction in income tax return of respective partners?
Rohit Pandey (Student) (766 Points)
10 October 2018Can capital loss, disallowed in income tax return of partnership firm, be taken as deduction in income tax return of respective partners?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166319 Points)
Replied 10 October 2018
Concept ......... capital loss or revenue loss (disallowed)? (firm's account)
How is it going to affect Partner's shares from firm? Is it taxed again?
Pls revise the query....
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