Indian Partnership Act 1932
This query is : Resolved
03 October 2007
Hello friends,
Kindly give me your view with proper support on "whether a person, who is a resident and not ordiarily resident become a partner in a business in India?"
Will appreciate a quick response...
Thanks a lot in advance
CA Ahmer Ammar
Kindly give me your view with proper support on "whether a person, who is a resident and not ordiarily resident become a partner in a business in India?"
Will appreciate a quick response...
Thanks a lot in advance
CA Ahmer Ammar
03 October 2007
Generally there are no restrictions as to residency or citizenship of the Partners
03 October 2007
A partner may be a foreigner if specific permission is obtained from the central government and the Reserve Bank of India. In practice, partnerships with a foreigner are almost nonexistent.
kumar arumugam
(Expert)
03 November 2007
yes, he can be admitted to partnership in india.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- GST on reimbursement of expenses
- Whether output tax is taken credit by purchaser
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Additional trade name
- Equity Share Sale and Purchase
- Visiting card purchase
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
