Q147
Registration of partnership is ________.
A.
optional under Indian partnership act
AnswerB.
compulsory under the Indian partnership act
C.
compulsory under the income tax act
D.
compulsory under Indian contract act
Answer: Option A
Solution
Answer: Option A
Solution:
Registration of partnership is optional under Indian partnership act. Registration of partnership firm may be done at any time – before starting a business or anytime during the continuation of partnership.