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A proprietor want to become a partner in other firm

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 February 2012 Dear sir

I have a proprietorship(individual) firm in Faridabad.
my son has also a proprietorship (individual) firm in U.P.

now we (I & my son) want to open a Third Partnership
Firm in U.P. Is there is any objection as per income tax law.
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Pankaj Gandhi Jaiswal

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Pankaj Gandhi Jaiswal (Expert)
21 February 2012 No, however you can do through HUF as well

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