Change in profit sharing ratio
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 March 2010
Is it necessary to file any form under partnership act, 1932 if there is a change in profit sharing ratio between the partners. well that partnership was constituted in Maharashtra so please reply accordingly and let me know any Specific form, if any, to be filed.
Regards
Regards
CA Ashok Kumar Sahu
(Expert)
03 April 2010
as per my knowledge not require to file any form for change in Profit sharing ration.
just inform to this change to Firm resistor and Assessing officer of income tax
just inform to this change to Firm resistor and Assessing officer of income tax
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