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of <h1>Understanding Partnership: Profit Sharing Alone Doesn't Equal Partnership Under Indian Partnership Act, 1932</h1> In determining the existence of a partnership under the Indian Partnership Act, 1932, the real relationship between parties, as evidenced by all relevant facts, is crucial. Simply sharing profits or returns from jointly held property does not establish a partnership. Receiving a share of business profits or payments tied to profits does not automatically make someone a partner. This includes payments to lenders, remuneration to employees or agents, annuities to family members of deceased partners, or consideration to former owners for business goodwill. These scenarios do not, by themselves, create a partnership.
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