Hi,
Whether provision for gratuity can be made for partners of partnership firm?
Thanks & Regards
Kanika Gupta
1 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 12 February 2013
partners are not the employees of teh partnership firm. Partners are the owners of the firm who carry on the business on behalf of the firm. Hence gratuity can't be paid to partners.
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