Retirement cum Admission Partnership deed

This query is : Resolved

Suresh S. Tejwani (Querist)
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08 December 2025 Retirement cum Partnership Deed was made in July, 2025, and now the new Retirement cum Admission Deed is to be made in this year, but the Book Profit Clause at the previous deed was as per Old Income Tax Act, and now we are supposed to change the clause of Book Profit. So, are we eligible to change it in the new Partnership Deed directly , or the clause will remain the same, but a supplementary deed has to be attached in writing that the clause shall apply as per the New Income Tax Act.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 December 2025 You can directly change the clause in the new partnership deed.

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