Liablity of partners in partnership firm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 November 2011
we are 6 partners in one housing project.i m partner with least percentage say 2%.Income tax department has issued notice for non payment of tax.other partners are not ready to pay tax whether can i pay tax according to my percentage.if not then what percentage i required to met out.
13 November 2011
As a partner, you may discuss with other partners as it is a liability to which the firm has to discharge.
.
You may discharge your liability according to your share.
.
You may discharge your liability according to your share.
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