Can NRI become the PARTNER in indian Partnership firm?? What conditions to be fulfilled?? What should be tax treatment of partnership firm as well as NRI??

Reply—Yes, a NRI can become partner in indian partnership act. There is no restriction on addmission of a NRI as a partner in indian partnership.

Please refer to Master Circular no.2/2009-10 of RBI on foreign investment made by a NRI in a partnership firm.