Since there is change in the constitution of Partnership Firm , you must have a revised deed along with remuneration payable or PSR... No need to intimate AO at present once the return is filed and assessment proceedings are started he himself will ask for partnership deed and return of income.Experts pls guide.
I'm agreewith Mr. Dipesh Mehta, CA pursuing, there is no need to intimate the AO, if change in partnership constitution make the presh partnership deed and also make a declaration regarding retire partners with notary.
A firm had 4 partners. 2 partners retired. Whether any intimation is required to send to Income Tax Department
I agree with dipesh & Harendra Sir previously there was a provision to file revise deed or intimation but now only if you are called for assessemnt then only you need to submit. Also if this is a audit case you have to mention in Form 3CD regarding change in constituion & ratios.
Leave a Reply
Your are not logged in . Please login to post replies