how is the income from shares of a partnership firm taxed for investment purposes?



Will it be taxed like capital gains or as business income. The firm is established with the purpose of investing in shares only.

how is the income from shares of a partnership firm taxed for investment purposes?
Rate these answers

One Reply to “how is the income from shares of a partnership firm taxed for investment purposes?”

  1. The income from shares of a partnership firm established for the purpose of investing in shares only will be taxed as business income because it the income earned in the ordinary course of business.





Leave a Reply

Your email address will not be published. Required fields are marked *