Siva (Consultant) 07 March 2019
Rashi Chandok 16 March 2019
A partnership firm is not a legal entity. As per section (4) of Indian PartnershipAct, 1932, 'partnership' is the relation between persons who have agreed to share the profits of a business carried on by all or any one of them acting for all. But for tax purposes, a partnership firm is a legal entity.