Definition Of Firm, Section 2(23) | Limited Liability Partnership Act 2008 | Income Tax Act 1961

Namaskaar Doston, Aaj ke is video me hum log baat karne waale hain "Firm" ke baare me jisme ki Limited Liability Partnership bhi included hai, Video me batai gayi sabhi definition niche likhi hui hai.
Umeed hai aap log ko video pasand aayega.

Find Us Here Also; Share! Support! Subscribe!
YouTube:
https://goo.gl/uH4dMK
Facebook Page:
http://Facebook.com/TaxationGurujiCha...
Google+:
http://plus.google.com/+TaxationGuruji
Twitter:
http://Twitter.com/TaxationGuruji
Instagram:
http://Instagram.com/TaxationGuruji
DailyMotion:
http://DailyMotion.com/TaxationGuruji
Tumblr:
http://TaxationGuruji.Tumblr.com
Vimeo:
http://Vimeo.com/TaxationGuruji
Pinterest:
http://Pinterest.com/TaxationGuruji
LinkedIn:
http://LinkedIn.com/in/TaxationGuruji
FaceBook:
http://FaceBook.com/TaxationGuruji
TaxationGuruji:
http://TaxationGuruji.com
TaxationGuruji:
http://TaxationGuruji.in

~Definition of Firm As Per Section 2 Clause 23 of Income Tax Act, 1961: (i) "firm" shall have the meaning assigned to it in the Indian Partnership Act, 1932, and shall include a limited liability partnership as defined in the Limited Liability Partnership Act, 2008;
(ii) "partner" shall have the meaning assigned to it in the Indian Partnership Act, 1932, and shall include,—
(a)any person who, being a minor, has been admitted to the benefits of partnership; and
(b)a partner of a limited liability partnership as defined in the Limited Liability Partnership Act, 2008;
(iii) "partnership" shall have the meaning assigned to it in the Indian Partnership Act, 1932, and shall include a limited liability partnership as defined in the Limited Liability Partnership Act, 2008;
~Definition of Person As Per Section 2 Clause 31 of Income Tax Act, 1961: "person" includes—
(i)an individual,
(ii)a Hindu undivided family,
(iii)a company,
(iv)a firm,
(v)an association of persons or a body of individuals, whether incorporated or not,
(vi)a local authority, and
(vii)every artificial juridical person, not falling within any of the preceding sub-clauses.
Explanation— For the purposes of this clause, an association of persons or a body of individuals or a local authority or an artificial juridical person shall be deemed to be a person, whether or not such person or body or authority or juridical person was formed or established or incorporated with the object of deriving income, profits or gains.
~Definition of limited liability partnership agreement As Per Section 2 Clause o of Limited Liability Partnership Act, 2008: "limited liability partnership agreement", means any written agreement between the partners Of the limited liability partnership or between the limited liability partnership and its partners which determines the mutual rights and duties of the partners and their rights and duties in relation to that limited liability partnership.
~Definition of partner As Per Section 2 Clause q of Limited Liability Partnership Act, 2008: "partner", in relation to a limited liability partnership, means any person who becomes a partner in the limited liability partnership in accordance with the limited liability partnership agreement.

Thanks For Watching "Taxation Guruji Youtube Channel".
Jai Hind! Vande Maataram!

Comments