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Liability of Partners for Acts of the Firm A Focus on Payment of Statutory Taxes

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Section 25 of the Indian Partnership Act, 1932 (the “Act”) lays down the liability of partners for acts of their partnership firm. The aforesaid section expressly states that every partner is liable, jointly, and severally, with all the other partners, for all acts of the firm done while they are partners. https://foxandmandal.co.in/liability-of-partners-for-acts-of-the-firm-a-focus-on-payment-of-statutory-taxes/

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