Group of persons carrying business for their own savings
This query is : Resolved
05 January 2018
What is the maximum number of persons who can become associates and do business without registration under companies act or partnership act or society registration act or any other for the time being in force. Association may work for credit and savings purpose of members along with other business..
G Nagendra Rao
G Nagendra Rao
06 January 2018
As such there is no maximum number of persons who can become associates. They will be treated as an “Association of Persons” without any registration and will be taxed accordingly.
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