Registration partnership deed
This query is : Resolved
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
30 July 2011
thanking u sir
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
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regarding Applicability of Tax Audit u/s 44AB
- Section 50-fixed asset-->building ceases to exist
- TDS on TRUST
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Tds on commission charges
- Regime change
- Goods sold but invoice not issued
- 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?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- 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
