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Section 40(b)

This query is : Resolved 
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(Querist)
09 March 2009 Dear Sir,
what is meant by PARTNER'S IN REPRESENTATIVE CAPACITY.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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.
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
09 March 2009 Good Example. It make everything clear wrt this concept.
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