Business partitions in Hindu family

Q & A ForumCategory: Tax PlanningBusiness partitions in Hindu family
Dipa asked 9 years ago
Hi, I want to ask is there any law of business partitions when two brothers who are running a same business ? Here is the case. Two bothers , 1 business both have kids and both the family have their own house. They also have different properties too and have some loan So if they want to do partition how does it work? Is this partition between only two brothers or their kids have right to claim? Also who is responsible to pay loans?
1 Answers
Best Answer
Sreekanth Staff answered 9 years ago
Hi, Kindly consult a Chartered Accountant (I am not an expert in taxation matters). Suggested reading : What Is The Procedure For Partition Of A Family Business?
Dipa replied 9 years ago

Thank you so much for the link ☺

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