IS IT MANDATORY TO INFORM INCOME TAX AUTHORITY, IF THERE IS ANY CHANGE IN PARTNERSHIP DEED???? IF YES THEN WHICH SECTION DEALS WITH IT?? AND IS THERE ANY SPECIFIC PROCEDURE FOR THAT???
THANKS .
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Change in partnership deed
Replies (3)
Yes. It is mandatory to inform the change in partnership in the subsequent income tax return, and there is a specific column in ITR-5 to mention these particulars.
thanks chakravarthi........ but friend i am asking regarding income tax authority other then INCOME TAX RETURNS....
Please refer to Section 184 of the ITA alongwith the reference cited by Mr. Chakravarthi, hope will satify your query.
Regards
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