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.
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
- 44AD VS 44AB AUDIT
- Computation of Dividend
- Query Regarding Refund Adjustment Against Outstanding Demand
- TDS Intimation(Short Deduction)
- OTP ISSUE XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
- GST REGISTRATION REQUIRED TO DIAGNOSTIC UNIT
- GST Rate on Bakery Items registered under composition scheme
- Amount Received in Trust Account
- GST APPLICABILITY TO DIAGNOSTIC
- Clarification on GST Applicable for Training Hall Rent Invoice
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
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
