The Indian Partnership Act applies to ___________.

whole of India including the State of Jammu & Kashmir

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whole of India except the State of Jammu & Kashmir

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whole of India except Goa, Daman, Diu

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whole of India including Goa, Daman, Diu.

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Solution

The correct option is B whole of India except the State of Jammu & Kashmir
The accouting council while preparing the Indian partnership act exempted Jammu & Kashmir region from rules taat have to be applied in whole India. This is because J&K region earlier was considered as the part of India as well as Pakistan. Thus, Indian partnership act cannot be applied to a region outside India, that is , Pakistan.

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