Registration partnership deed
This query is : Resolved
manoj rathod
(Querist)
29 July 2011
DEARS
PLS GUIDE ME
IS IT COMPULSORY TO REGISTER PARTNERSHIP FIRM IN MAHARASHTRA?
I READ FOLLOWING LINES SOME WHERE
FOR MAHARASHTRA
[In Maharashtra, registration is almost compulsory. For the purpose of income tax benefits It is necessary to register a partnership with the Department under S. 184 and S.185 of the Income Tax Act, 1961. For the Influence of the Income Tax Act on partnership, see Ch. III in Part Viii.]
WHAT IT MEAN
PLS GUIDE ME
IS IT COMPULSORY TO REGISTER PARTNERSHIP FIRM IN MAHARASHTRA?
I READ FOLLOWING LINES SOME WHERE
FOR MAHARASHTRA
[In Maharashtra, registration is almost compulsory. For the purpose of income tax benefits It is necessary to register a partnership with the Department under S. 184 and S.185 of the Income Tax Act, 1961. For the Influence of the Income Tax Act on partnership, see Ch. III in Part Viii.]
WHAT IT MEAN
30 July 2011
It is voluntary and not compulsory to register partnership firm in MH.
The above lines are for the purpose of Income Tax Act, under sec 184 and 185 conditions are enumerated to be satisfied by a partnership firm in order to claim deduction of Remuneration and Interest paid to partners,
the basic necessity is for a firm registered or not, is to submit the Copy of Partnership Deed alongwith the First Income Tax Return to the Income Tax Department
The above lines are for the purpose of Income Tax Act, under sec 184 and 185 conditions are enumerated to be satisfied by a partnership firm in order to claim deduction of Remuneration and Interest paid to partners,
the basic necessity is for a firm registered or not, is to submit the Copy of Partnership Deed alongwith the First Income Tax Return to the Income Tax Department
manoj rathod
(Querist)
30 July 2011
thanking u sir
CA. Aditya Goel
(Expert)
11 May 2021
Its not mandatory to register partnership deed anywhere but its always advisable to do so.
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
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- TDS on Dashcam rent and allied services
- Royalty payments to the Mining Department for procurement of murum - GST input
- 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
- Sales of goods of amount Rs97 lakhs to a party
- 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
- How to pay remaining amount of TDS after due date?
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
