Sub-Partnership !
This query is : Resolved
13 March 2008
If A,B,C are partners in firm ABC & CO.
Can C be the sub-partner of A in the same firm ABC & Co.
If yes,then what would be the nature of income to C from Sub-partnership?
If No,reasons for the same !
Can C be the sub-partner of A in the same firm ABC & Co.
If yes,then what would be the nature of income to C from Sub-partnership?
If No,reasons for the same !
pushpendra
(Expert)
14 March 2008
what is the purpose of sub partner.
1.they can ammend in the partnership deed
2. C and A can make other parnership deed or MOU for the above effect.
the nature of income would be business income.
it's my personal view. waiting for more expert opinion
1.they can ammend in the partnership deed
2. C and A can make other parnership deed or MOU for the above effect.
the nature of income would be business income.
it's my personal view. waiting for more expert opinion
14 March 2008
May be he wants to bar his liability to a certain extent without affecting his share in profits.
Also there is no clarifiation regarding the same in the Acts.
Also please convince me again by explaining how will it be a business income?
Also there is no clarifiation regarding the same in the Acts.
Also please convince me again by explaining how will it be a business income?
pushpendra
(Expert)
14 March 2008
Dhruva can u tell me What is a motto of Sub partnership.
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