Q162
For the purposes of income-tax, a partnership firm
A.
Can be assessed as an entity distinct and separate from its partners
AnswerB.
Cannot be assessed as an entity separate and distinct from its partners
C.
Can be assessed as an entity distinct and separate from its partners only with the permission of the court
D.
Can be assessed as an entity distinct and separate from its partners only if all the partners agree for the same
Answer: Option A
Solution
Answer: Option A
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