Applicability of as-7
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 March 2013
Please solve my query its urgent..
My Client A owns a Land and he has made a partnership firm fo developing a tower now my query is wether AS 7 can be applied to partnership firm and whether remuneration can be divided to A and other partners ,..
My Client A owns a Land and he has made a partnership firm fo developing a tower now my query is wether AS 7 can be applied to partnership firm and whether remuneration can be divided to A and other partners ,..
CMA Ramesh Krishnan
(Expert)
04 August 2013
AS -7 applicable for corporate not mandatory for partnership firm. but suggested to follow the same
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