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
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