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Modification in partnership deed.

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sukhwani keyur

588 Points Posted on 08 March 2021

1) Whether any modifications in partnership deed through supplementary deed needs to be intimated to income tax department and GST department?
2) If yes then how it should be intimated. what is procedure to intimate changes in deed ?

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Quick Summary

This discussion clarifies whether changes to a partnership deed, made via a supplementary deed, need to be reported to the Income Tax and GST departments. The consensus is that while no direct intimation is required for these tax authorities, the supplementary deed must be submitted to the Registrar of Firms. The procedure for this submission is also outlined.