Partnership deed
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 April 2014
respected sir,
partnershideed concluded on white paper is instrumental for the purpose of sec 40(B) of indian income tax or it is invalid for the purpose of sec 40(b) of it act please some one clarify.
thanking you
partnershideed concluded on white paper is instrumental for the purpose of sec 40(B) of indian income tax or it is invalid for the purpose of sec 40(b) of it act please some one clarify.
thanking you
10 April 2014
The section has used the words'instrument of partnership'. There is no clarity how the 'instrument of partnership ' has to be executed for the purpose of section 40(b) of the IT Act,1961. So better to execute in stamp paper as per the concerned state law.
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