Gratuity to partner?

Tax queries 1692 views 1 replies

Hi,

Whether provision for gratuity can be made for partners of partnership firm?

Thanks & Regards

Kanika Gupta

Replies (1)

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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