I have different views of all regarding making Invt in MF by P'ship Firm. Someone says that firm & partners are same so firm can't make investment else legal dispute would have face so its better to transfer fund from firm to partners personal account for making invt .
Can P'ship firm make investment in Mutual fund for ideal funds remaining and If so, anyone has any scheme wherein firm can invest for good return having liquid fund and there is no problem in facing taxability on it because ultimately firm has to pay tax at highest rate as per law..
I want to know;
1) Whether firm can make Investment in Mutual fund
2) If so, suggest any scheme wherein it can be invested
3 If no, then what are other ways for making investments for firm?
CAclubindia
