Suppose in a firm of 3 partners, one partner passes away on 1st Jan, 2018. The partnership deed has a provision stating that the partnership firm shall continue even after the death of any partner. I need clarity on the following questions:
1. As on 10th May, 2019 the deceased partner is still there in my partnership deed. No changes have been made yet. Is it possible?
2. Can I continue to show the deceased partner in my partnership? If no, what should be my next step?
3. I want to implement the deceased partner's will by giving a part of his share to the other two partners and athe remaining to a new partner. How can this be implemented?
4. If out of the remaining two partners, one of the partners is not ready to sign the changed partnership deed unless the clauses are made per his will, what can be done?

Dear Sir,
When I filing the Profession Tax Return (Maharashtra) for the Month of July-2018.
I have paid Tax with interest for the month of July-2018. But the return is not uploaded.
The following error are coming :

Error while file upload.
At least one BRF message of type W, E, A, or X occurred
Balance Payable should not be more than zero
The status of payment related to this return is “Pending (or) Blank”.
To update the status click on “Get Status” button available
In “Pending Transaction History” in “Payment”Tile after login.

Please help to me how to resolve this issue.

Thanks
NK

HOW TO DEAL WITH UNCONSUMED CHALLANS??

Respected sir,
We are building a hotel, and we are partnership firm, so for all works are given to subcontract basis and all the amount paid to subcontractor is our expense. So can i capitalized that expense? or i have to pay tds on that expense and show that expenses in p&l. if i show all that expense in p& l then for current year and next 1-2 year we will be loss making firm reason behind that is currently our construction work is ongoing and it is likely to be completed in next 1-2 year.

1. I am in Maharashtra. I was Regd for Prof Tax in Last FY 18-19 when I was working and was Regd for Prof Tax and same was paid in full. I am a Tech Consultant. I file ITR4A.

2. In Current FY 19-20, I am not working as I am doing a fulltime course from Mumbai Univ. So have No Consulting or Salary income. I was told that de-registering an dlater registering is tedious process.

Query:
Do I need to pay Prof Tax in Current FY 19-20 even though I am not having any Salary or Consulting income? I am filing NIL GST returns.
As and when I start working, I can then start paying at Rs 200 pm for balance months in FY.
Is above acceptable as per Prof Tax rules?
Please let me know asap.
Thanks

we are having partnership firm. One of the partner is US citizen (NRI) since many years and not active partner in business.

We would like to lease a property on long term basis. However, NRI partner is objecting for the same

Can he be eligible to object the decision taken by other active partners ?

Dear Sir,

There was a partnership firm of 2 partners in which one partner died.

There are large amount of debtors in the books of accounts of the firm.

The firm is planning to admit a new partner in the firm.

What can be done to avoid closure of bank account of the firm since there are many sales bill issued in the name of the firm and the amount is pending to be recovered.

How do we proceed further.

Regards,
Divyesh Jain

A/c No.1 A/c No.1 A/c No.2 A/c No.21 A/c No.22

Employee 12%

Employer 8.33% 3.67% 1.10% 0.50% 0.01%


Respected Sirs

Please confirm whether the aforesaid % on account of contribution is correct ?

With kindest regards

There are two companies one is "A" and the second in "B". Both are sister concern. "A" is supplying machines to "B" and "B" is selling machines to Customers. Both the companies having GST number & keeping machines in the same warehouse. My query is when "A" is selling machines to "B" & there is no transit, it is necessary to generate E-waybill?

Hi,

My One Client having 3 partnership firm in andhra Pardesh and getting remuneration from all the 3 firm.

Govt. says that Professional Tax on Firm is Rs.2500/-p.a.

and partners liability is Rs.1250/- p.a for each firm and each partner.

Means single person having partner in 3 firm need to pay professional tax 3 times as a partner.

is it correct?

please guide.