|
|
- (6) The precedent partner of a limited partnership shall make and deliver, together with a return of the income of the limited partnership under section 71 or when required by the Comptroller by notice in writing, a return of the contributed capital of each partner of the limited partnership for any year of assessment.
- (7) For the purposes of this section, the Minister may make regulations to give full effect to or to carry out the purposes of this section.
- (8) In this section—
- “carry-back deductions”, in relation to a limited partner of a limited partnership in any year of assessment, means—
- (a) any deduction allowed to the limited partner of any allowance arising from any trade, business or profession, or any loss incurred in any trade, business, profession or vocation carried on by him in the limited partnership that is made against his assessable income from any other source for the immediate preceding year of assessment under section 37E; or
- (b) any allowance arising from any trade, business or profession, or any loss incurred in any trade, business, profession or vocation carried on by him in the limited partnership that is transferred by him to a spouse under section 37F;
- “contributed capital”, in relation to a limited partner of a limited partnership in any year of assessment, means the aggregate of—
|
