Partnership deed changes
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 June 2012
Dear sir,
Please advise me, In partnership firm have two partner, One partner retires on 31/03/12 and new partner enter 01/04/2012 and can I draft one deed as on 01/04/2012 (changes in partnership deed)?. And revised partnership deep should be draft on stamp paper of rs.100.00.
if no, i have no stamp paper as on 01/04/2012 so can i purchase it today and draf deep.
Please advise me, In partnership firm have two partner, One partner retires on 31/03/12 and new partner enter 01/04/2012 and can I draft one deed as on 01/04/2012 (changes in partnership deed)?. And revised partnership deep should be draft on stamp paper of rs.100.00.
if no, i have no stamp paper as on 01/04/2012 so can i purchase it today and draf deep.
29 June 2012
In the firm of two partners, if one partner gets retired, the firm gets dissolved as a single person can not be said to be a partner.
.
If firm has to be continued, first introduce the new partner and then retire one of the existing partners. You may select 01.04.
as the date. In the same deed both admission (first) and retirement (later) activities can be recorded.
.
.
If firm has to be continued, first introduce the new partner and then retire one of the existing partners. You may select 01.04.
as the date. In the same deed both admission (first) and retirement (later) activities can be recorded.
.
29 June 2012
In case you have not executed the new deed on 1.4.2012, you may execute it at a later date. You have to take care about the fact that, under the Income Tax Act, remuneration to the new entering partner can be allowed from the date of execution of deed.
.
.
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
- Section 270A penalty
- GST Registration Application -Rejected
- GSTR 1- Amend Credit Note
- GSTR 9C- Table 9
- Tax liability on gift amount given to blood relation
- International transfer pricing- -> father entity vs son entity ->WHERE NO mutual say in management
- Acting as an Agent
- Reimbursement of expense- GST applicable or not
- When was the effective CA partnership deed? Can I use old FRN until new FRN alloted by ICAI?
- To Whom the Professional Invoice should be Raise
- E stamp paper purchase
- Problem in filing Returns for International workers in EPFO
- Clarification for reversal of IGST on transfer of duty-free imported goods from EOU to DTA unit
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
