Partnership business
This query is : Resolved
18 September 2016
If partnership business is registered ......I mean written partnership deed then .......it will be a body corporate ?
18 September 2016
No except LLP partnership firm is not considered as body corporate even if it is registered under registrar of firms
18 September 2016
But it is formed by law .....in spite of not it ......why .....may I know ?
18 September 2016
Madam,Partnership firm do not have seperate legal entity.Partners have the liabilities for the loan advanced to the firm .
.Registering the firm the partners gets the authority to sue others .but the legal entity is not as body corporate
.Registering the firm the partners gets the authority to sue others .but the legal entity is not as body corporate
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
