Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose - Income Tax Bill, 2025 - Old Version
Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose - Income Tax Bill, 2025 - Old Version
Change in constitution of a firm requires assessment to be made on the firm as constituted at assessment time. Assessment of a partnership firm must be made on the firm as constituted at the time the assessment is made. A change in constitution occurs where ... Summary
Change in constitution of a firm requires assessment to be made on the firm as constituted at assessment time.
Assessment of a partnership firm must be made on the firm as constituted at the time the assessment is made. A change in constitution occurs where partners cease to be partners, new partners are admitted provided at least one pre-existing partner continues, or where partners continue with a change in their respective shares. The cessation rule excludes dissolution on the death of a partner.
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