Financial statement and returns
This query is : Resolved
13 May 2012
Dear Fellow Brothers,
1)On reconstitution of firm on 2.4.12, all the ex-partners i.e. partners as on 31.3.12 were retired and simultaneously new partners have been admitted.Firm is not dissolved.Now who will sign the firms itr and tds returns for the year ended 31.3.12?
2) Is there any requirement for intimating the dept regarding change in constitution? New PAN /TAN reqd?
3)In itr, in schedule of partners should we give details of new partners or the partners as on 31.3.12?
1)On reconstitution of firm on 2.4.12, all the ex-partners i.e. partners as on 31.3.12 were retired and simultaneously new partners have been admitted.Firm is not dissolved.Now who will sign the firms itr and tds returns for the year ended 31.3.12?
2) Is there any requirement for intimating the dept regarding change in constitution? New PAN /TAN reqd?
3)In itr, in schedule of partners should we give details of new partners or the partners as on 31.3.12?
CA CS Amit S. Kedia
(Expert)
13 May 2012
Dear Mr. Hitesh,
1.The firm's ITR shall be signed by the old partners and the firm will be assessed with the name of old partners in the firm.
2.Yes, till the time you do not intimate to the dept, the firm will assessed with as constituting of old partners only. However, the Firm is not required to apply for a new PAN/TAN.
3. No details is required to be given for new partners in ITR for the A.Y 2012-13.
1.The firm's ITR shall be signed by the old partners and the firm will be assessed with the name of old partners in the firm.
2.Yes, till the time you do not intimate to the dept, the firm will assessed with as constituting of old partners only. However, the Firm is not required to apply for a new PAN/TAN.
3. No details is required to be given for new partners in ITR for the A.Y 2012-13.
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- Form 144 TDS Return Validation Error – Mandatory Fields
- LLP audit and disclosure
- Applicability of tax on invoice
- Form 144 TDS Return Validation error
- TDS- 2026-27 Q1 Correction
- Rent agreement of House of deceased person
- Advances to related party
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
