Have 2 queries
1) Is Working partner defined anywhere in the Act ???
2) Can a person be considered as working partner if he is taking salary from company as director and also from partnership firm ( deed specifies him to be working partner) ,
Thanks
Menu
Salary to working partner
Replies (1)
Working partner is an individual who is actively engaged in conducting the affairs of the business/profession of the firm of which he is a partner. refer explanation 4 to section 40(b). So I presume if such person is actively engaged in conducting affairs (as above) then he shall be a working partner.
Recent Topics :
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
- Does Parag gupta's booster batch good for CA Inter
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
Related Topics :
CAclubindia
