Dear Members
Can a partnership firm pay remunaration to a partnership firm who is partner in said firm
Thanks
2 Replies
Krutesh Patel
(ACA)
(727 Points)
Replied 16 November 2009
Partnership firm can not be partner of other partnership firm because it does not have seperate legal existance. Only partners of firm can be partner in other partnership firm on behalf of their firm.
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