Jul 25, 2021 • 59m • 1.8K views

We have Artificail & Natural Persons. then some Artificial persons also have a separate legal identity. Company , firm, LLP, Co-operative Society, University, Statutory Corporations, Charitable trusts itne saare entities Kyon ? Lets answer simple questions like why can a company sign a contract but not a Firm? Is the Proprietory concern separate from its Proprietor? Is God's Income chargeable to tax ;-)