Query
visha lranjan
(Querist) 20 December 2013
This query is : Resolved
what is the tax implication for registered partnership firm? is it any different from an unregistered firm?
Sailesh Kumar Shah
(Expert) 21 December 2013
for the purpose of tax implication; no difference.
However, a unregistered partnership firm can not sue any one as per section 69 of the Indian Partnership Act, 1932.