Partnership firm's return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 December 2009 There is a partnership firm in which there are 2 partners on 01.04.2008. As on 03.09.2008 two new partners entered and also get retired on 30.09.2008.

Now i made the 3 P&L and B/s
one for o3.09.2008
second for 30.09.2008
third for 31.03.2009

As on 31.03.2009 i clubbed all the three P&L and made the return with the total profit

Now my question is whether this is a correct treatment.
How many partners i have to declare in the return ?
Whether the copies of the change in partnership deeds would be enclosed with d return

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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24 December 2009 1)It is not a correct treatment. Only one P & L account and Balance sheet is required unless the partnership deed governs otherwise.
2)Number of partners as at year end only be shown in the IT return. If the firm is covered under tax audit constitutional changes has to be necessarily shown in clause 7(a) and (b) of form 3CD.
3) No need to enclose copy of the deed since anexure less returns has to be filed.

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