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Indian Partnership Act, 1932

A partnership is the relationship between persons who have agreed to share the profits of a business carried on by all or any of them acting or all. In India it is governed by the Indian Partnership Act, 1932, which extends to the whole of India except the State of Jammu and Kashmir. It came into force on 1st October 1932.

A partnership firm is not a legal entity apart from the partners constituting it. It has limited identity for the purpose of tax law as per section 4 of the Partnership Act of 1932.


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Established : 2000
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Net Lawman Ltd Astons Barn North Green Road Pulham,St Mary IP21 4YF United Kingdom

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Net Lawman Ltd Astons Barn North Green Road Pulham,St Mary IP21 4YF United Kingdom

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May 03, 2011


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