banner_ad

Change in partnership firm pan application

Others 2420 views 4 replies

A firm had 4 partners. 2 partners retired. Whether any intimation is required to send to Income Tax Department

Replies (4)

Yes. as its really a material thing.

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.

Sir,

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.  

Originally posted by : sandip makadiya
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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details