Sub-Partnership !
This query is : Resolved
13 March 2008
If A,B,C are partners in firm ABC & CO.
Can C be the sub-partner of A in the same firm ABC & Co.
If yes,then what would be the nature of income to C from Sub-partnership?
If No,reasons for the same !
Can C be the sub-partner of A in the same firm ABC & Co.
If yes,then what would be the nature of income to C from Sub-partnership?
If No,reasons for the same !
14 March 2008
what is the purpose of sub partner.
1.they can ammend in the partnership deed
2. C and A can make other parnership deed or MOU for the above effect.
the nature of income would be business income.
it's my personal view. waiting for more expert opinion
1.they can ammend in the partnership deed
2. C and A can make other parnership deed or MOU for the above effect.
the nature of income would be business income.
it's my personal view. waiting for more expert opinion
14 March 2008
May be he wants to bar his liability to a certain extent without affecting his share in profits.
Also there is no clarifiation regarding the same in the Acts.
Also please convince me again by explaining how will it be a business income?
Also there is no clarifiation regarding the same in the Acts.
Also please convince me again by explaining how will it be a business income?
14 March 2008
Dhruva can u tell me What is a motto of Sub partnership.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Confusion around Form 26QB fields
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Filing of Form 10BB instead of Filing Form 10B
- Sale of property furniture sale
- Refund of AY 22-23
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
