Question:
Following is true about relationship of partnership :
Following is true about relationship of partnership :
Updated On: Aug 5, 2024
- it arises from contract and not by status
- members of HUF carrying on business are partners
- it arises from status and not by contract
- none of the above
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The Correct Option is A
Solution and Explanation
The correct option is (A):it arises from contract and not by status .
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