Form No. 12A - Communication under clause (b) of Explanation below section 185(1) of the Income-tax Act, 1961, regarding partner who is a benamidar (Omitted)
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Benamidar declaration: notify assessing officer when a partner's share is held by a nominee; prescribed form omitted. Notification required partners to inform the Assessing Officer when they knew or had reason to believe that a third party held, as a benamidar, the whole ... Summary
Benamidar declaration: notify assessing officer when a partner's share is held by a nominee; prescribed form omitted.
Notification required partners to inform the Assessing Officer when they knew or had reason to believe that a third party held, as a benamidar, the whole or part of a partner's share in firm income or property for any part of the previous year, identifying the assessment year, firm, and partner(s), and signed by the informing partner(s); the prescribed statutory communication form for this purpose was later omitted by official notification.
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