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Partnership with wife

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(Querist)
04 March 2022 If both Husband & Wife are Doctors & if wife remains as inactive partner can they both a form a partnership firm and run a hospital in the name of the firm??

Please provide guidance on Clubbing provision & other applicable provision of I.Tax Act.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
04 March 2022 Yes, they can form partnership firm and share its profits as per percentage of shares specified in the deed. No clubbing provision applicable when both are capable to run the business .
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Tejasva deshmukh

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Tejasva deshmukh (Querist)
04 March 2022 Thank You Dhirajlal Rambhia Sir
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
04 March 2022 Most Welcome ...
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