Partnership deed &renumaration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 November 2014
respected sir,
we have regestered our firm with regestrar of firms in 2007,(with renumaration to each partner for year is 1 lakh as per regestered partnership deed). in 2012 we have revised our partnership deed(on stamp papers) and increased our renumaration up to 2 lakhs each and got the authentification of notary in 2012.but we have not submitted the revised deed to registrar of firms.
please some one tellme that ,non submission of revised partnership deed to the registrar of firms can make us inelgible to claiming exemption for enhansed renumaration from
total income of the firm .thanks in advance
we have regestered our firm with regestrar of firms in 2007,(with renumaration to each partner for year is 1 lakh as per regestered partnership deed). in 2012 we have revised our partnership deed(on stamp papers) and increased our renumaration up to 2 lakhs each and got the authentification of notary in 2012.but we have not submitted the revised deed to registrar of firms.
please some one tellme that ,non submission of revised partnership deed to the registrar of firms can make us inelgible to claiming exemption for enhansed renumaration from
total income of the firm .thanks in advance
Amol S Joglekar
(Expert)
24 November 2014
You please get the revised partnership deed registered with Registrar of Firms so as to enable you to enhance the remuneration to 2 lakh.
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