Rakki K
Partner at JSA
Latest Articles By Rakki K
Structuring Investments in Partnership Firms
If a partner’s contribution attracts tax, the manner in which the investment is structured could be significantly different as the contributing partner would require funds initially to meet the income tax liability. Devoid of such liability, partners would be free to structure the transaction as per their commercial negotiations.
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Dies non – No work, no pay
Dies non is commonly understood to mean a day on which no legal business can be done, or which does not count for legal purposes.
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