Hi, Any advice on the given scenario will be appreciated. Say you have a investor who has invested all the capital and agrees to split profits in an agreed ratio after deducting capital gains tax (in lieu of my advisory services) As per my understanding I will have to pay the income tax again on the amount I would receive from the above investor. But since the capital gains tax has already been paid on the above amount how can we structure that we pay the tax only once. Ideally I would like that we distribute profits and pay taxes individually so that we both can take benefit of our own other deductions. How is it possible ? Thanks!