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Archive for the 'Partnership Firms' Category

Information about Partnership Firms In Indian Tax System

Partnership firm arises from a contract between two or more persons who contribute some tangible and some intangible assets together with an objective of earning profit therefrom which will be shared between them in predefined portion.
1. The firm should be evidenced by an instrument [Section 184(1i)].
2. The individual shares of the partners in the [...]

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