Section 40(b)
This query is : Resolved
09 March 2009
Dear Sir,
what is meant by PARTNER'S IN REPRESENTATIVE CAPACITY.
what is meant by PARTNER'S IN REPRESENTATIVE CAPACITY.
09 March 2009
One example is given below:-
An HUF is a partner in a partnership firm. The karta is representing the HUF as a partner of the partnership firm. In such a situation the karta is a partner in representative capacity.
An HUF is a partner in a partnership firm. The karta is representing the HUF as a partner of the partnership firm. In such a situation the karta is a partner in representative capacity.
09 March 2009
Good Example. It make everything clear wrt this concept.
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