Partnership between father & Minor son(represented by mother
This query is : Resolved
20 April 2009
Friend,
I have three queries on above matter
1. Whether Father and minor son(represented by mother) can enter into partnership, where there is they are two partner only....what is income tax implication u/s 64(1A)
2. In such matter whether minor can be working partner?
3. whether minor son can also have sharing in losses?
I have three queries on above matter
1. Whether Father and minor son(represented by mother) can enter into partnership, where there is they are two partner only....what is income tax implication u/s 64(1A)
2. In such matter whether minor can be working partner?
3. whether minor son can also have sharing in losses?
20 April 2009
1. Whether Father and minor son(represented by mother) can enter into partnership, where there is they are two partner only....what is income tax implication u/s 64(1A)
Yes,
2. In such matter whether minor can be working partner?
No, as he can not enter in to contract
3. whether minor son can also have sharing in losses?
No as per partnertship act
Yes,
2. In such matter whether minor can be working partner?
No, as he can not enter in to contract
3. whether minor son can also have sharing in losses?
No as per partnertship act
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
- Refund Annexure-B
- Sale of Equity shares for Purchase of Residential Property
- GST Reverse
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Clarification regarding Import E-way bill transaction type // Regular or Bill from Dispatch From
- Non issue of e way bill
- Director payment
- RCM and FCM
- GST Cancellation without jurisdiction
- ITC on purchase of commercial property( shop/Godown/offce etc.)
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
