Which of the following is not true about partnership?
Section 4 and 5 of Partnership Act Section4 DEFINITION OF "PARTNERSHIP", "PARTNER", "FIRM" AND "FIRM-NAME". "Partnership" is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. Persons who have entered into partnership with one another are called individually, "partners" and collectively "a firm", and the name under which their business is carried on is called the "firm-name". Section5 PARTNERSHIP NOT CREATED BY STATUS. The relation of partnership arises from contract and not from status; and, in particular, the members of a Hindu undivided family carrying on a family business as such, or a Burmese Buddhist husband and wife carrying on business as such are not partners in such business.
What is accounting standard-3 (revised) associated with?
What does section 6 of the Income Tax Act deal about?
In the context of auditing standards, which standard is associated with "Agreeing the Terms of Audit Engagements"?
What is the primary objective of the Fiscal Responsibility and Budget Management (FRBM) Act in India?
Interest payable u/s 234C is computed at
Which of the following statement is incorrect?
Goods can be purchased through GeM without inviting quotations on the basis of a certificate to be recorded by the competent authority up to the value o...
What is the primary function of the National Payments Corporation of India (NPCI)?
Financial Instruments such as Call Money, commercial paper, Bills of exchange, T-Bills, are traded in which of the following market?
Under which section of the Income Tax Act, 1961, is the term "person" defined?
