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parties to a partnership

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vandana (Querist)
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09 February 2009 can a partnership firm and an individual enter into a partnership?

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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09 February 2009 No, A partnership firm can never be a partner. It has been decided in Dulichand Laxminarayan Vs. CIT (1956), SC.

vandana (Querist)
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10 February 2009 then can the partenrs of those firm enter into another partnership.
I mean can a person be a partner of more than 1 firm.

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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10 February 2009 Yes. It is possible. Rahter, the same partners may open another partnership firm also.

vandana (Querist)
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11 February 2009 thanks

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