TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Taxation Law Update: New Forms 11, 11A, 12 Affect Firm Registration Rules Effective April 1, 1971.</h1> New Form Nos. 11, 11A, and 12, amended by the Taxation Laws (Amendment) Act, 1970, include a provision stating that a firm is not genuine if any partner is a benamidar of another partner, except if related as a spouse or minor child. This amendment, effective from April 1, 1971, affects registration eligibility for assessment years 1971-72 and onwards. Firms that filed applications using old forms for 1971-72 and 1972-73 are allowed to refile using the new forms within a month of notification from the Income-tax Officer. This provision aims to address issues of form availability and ensure fair assessment.
TaxTMI 
TaxTMI 
