Change in partnership
Querist : Anonymous
On 1at April 2011, there were 3 working partners and their ratios were -
1st -50%
2nd -25%
3rd - 25%
in the 1st June 2011, 3rd partner has been retired from the firm.
New ratios are as from 1st June -
1st - 50%
2nd - 50%
Now please advise me, in the sheet of nature of business in itr5, I have to select yes on the column of "whether there is any change in partners"
And how to put their percentage in following table of partners detail, as the percentage is being change during the FY.
Thanks.
Querist : Anonymous
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