CWM_LEVEL_2 practice question 17 of 35
Section B (2 Mark) If after the partition of an HUF 2 members became partners in 3 firms on behalf of their respective HUFs and they also become…
Choose your answer, then check it against the explanation.
Section B (2 Mark)
If after the partition of an HUF 2 members became partners in 3 firms on behalf of their respective
HUFs and they also become partners in a fourth firm. The funds were obtained by means of loans
from the other 3 firms. The share incomes of the members from the fourth firm were assessable as
their individual income only.
Question 17 of 35
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