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THE INDIAN PARTNERSHIP ACT 1932 Partnership is the relation which subsists between the persons carrying on a business in common with a view to making profits 1An association of two or more persons
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Partnership is a form relation where two or more people agree to share profits and losses.
Partnership is required to file a partnership tax return.
Partnership can fill out the form by providing information about their income, expenses, and other relevant details.
The purpose of partnership form relation is to report income and expenses for tax purposes.
Partnership must report income, expenses, deductions, credits, and other relevant financial information.
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