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Partners business

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Mekhala (Querist)
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31 March 2015 Dear Sir,

I Have a query, there are 5 partners in a firm, of which 3 partners have HUF account in the firm these partners avail commission on sale through the HUF from the firm wherein they are partners, another partner takes the commission in his wifes name. Is is situation lawfully proper? or is it that the partners are making business with themselves? please reply

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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31 March 2015 if all partners agree then it will be lawfull.

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