There is one Partnership Firm constituted before 1 year with 3 partners (Individuals)
Now One HUF - Karta wants to enter in Partnersip firm as a Partner.
Is it Possible to become a Partner for HUF - Karta in Partnership Frim?
Menu
Huf - karta as new partner in existing partnership firm
Replies (3)
| Originally posted by : Mihir | ||
 |
There is one Partnership Firm constituted before 1 year with 3 partners (Individuals) Now One HUF - Karta wants to enter in Partnersip firm as a Partner. Is it Possible to become a Partner for HUF - Karta in Partnership Frim? |
 |
Yes. the income be treated as individual's income.
Once a induction of HUF as partner ( signed by its karta) , being 4th partner comes into force , either by introducing finance ( it should be ac payee cheque by HUF), the profit or loss so genearted will also be part of HUF income ,( as a partner )at the same time coparcner and memeber of HUF has No role to play or demand separate profit or loss from that partnership firm.
Recent Threads
- Long Term Capital Gains for shares
- Hiring Company Secretary Manager with 2 Years of P
- Updated Return _ Deduction
- Turf Club Veterinary Department. Procurement Manua
- I have wrongly shown itc in reclaimable itc inste
- Help reqd in getting Professional Tax challan
- New form 139 as per Tax Act 2025
- In GST maintain invoices or bill in excel instead
- How to paid income tax in block return in itrb
- RCM Applicable for Man Power Supply (URD) to Regis
Related Threads
CAclubindia
