Firm definition includes partnerships and limited liability partnerships and is treated as a unit of income tax assessment. Firm is defined for income tax purposes by reference to the Indian Partnership Act and expressly includes a limited liability partnership; it is a ... Summary
Firm definition includes partnerships and limited liability partnerships and is treated as a unit of income tax assessment.
Firm is defined for income tax purposes by reference to the Indian Partnership Act and expressly includes a limited liability partnership; it is a collective expression designating an entity that functions as a separate unit of assessment under income tax law without being a full legal person.
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