Partnership act

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 May 2010 Can a partner run a business of similar nature?please let me knw.

CA CS CIMA Prakash Somani (Expert)
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07 May 2010 yes but mostly that business's income will be clubbed into the partnership business. yuou can not take advantage by opening a new firm

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