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
Click here to login now
Similar Resolved Queries
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- Query on effect of registration of property
- Wrong CMPo8 file
- Number of years as per AS amortisation of Goodwill
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- Equity Share Sale and Purchase
- Additional trade name
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
