i want to know about partnership firm following points.
1. when firm auditable. 2. can firm deducted tds on cont. or commission or any limit 3. if partner purchase assets own name and come in business. than treatment.
04 July 2009
Hi Anil, Your querry is not clear. plz make it more specific. A firm is seprate from its members. Even if a firm selling goods to its members then from the I.T. point of view its sales.