death of partner during the year
This query is : Resolved
19 March 2011
That A,B,C,D partners are running the business of commission agent in partnership having equal share 25% from last couple of years. During the f.y 09-10
one of the partner expired on 30/09/2009 and the remaining partner continue the business with 1/3 share each. Now my question is that how to file the income tax return of the firm and what share should be shown in return ( 1/4 or 1/3 ).
Kindly show me the way ?
one of the partner expired on 30/09/2009 and the remaining partner continue the business with 1/3 share each. Now my question is that how to file the income tax return of the firm and what share should be shown in return ( 1/4 or 1/3 ).
Kindly show me the way ?
20 March 2011
The partnership deed must have been made afresh on the death of partner.
Here you will need to file two Income Tax Returns one till 30/09/2009 and other from 01/10/2009 till 31/03/2010.
Anuj
Here you will need to file two Income Tax Returns one till 30/09/2009 and other from 01/10/2009 till 31/03/2010.
Anuj
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Copyright software
- Multiple trade mark
- LC charges in relation to Asset purchased should be Capitalised ?
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Transporter Declaration form
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
