https://www.taxtmi.com/circulars?id=4922 The new partnership assessment scheme under the Direct Tax Laws (Amendment) Act, 1987 is deferred to 1-4-1990; therefore, pre-amendment provisions continue to apply for assessment years 1988-89 and 1989-90, including rules on partner remuneration disallowance, inclusion of family members' shares, computation of partner's share, carry-forward of firm losses, rebates for unregistered firms, and registration and assessment procedures. Separate amendments-uniform financial year, new return and assessment procedure, and interest provisions-apply from 1-4-1989, while advance tax provisions apply from 1-4-1988; TDS changes under section 194E are deferred to 1-4-1989. en-us Wed, 15 Jun 1988 00:00:00 +0530 Mon, 04 Aug 2008 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4922 The new partnership assessment scheme under the Direct Tax Laws (Amendment) Act, 1987 is deferred to 1-4-1990; therefore, pre-amendment provisions continue to apply for assessment years 1988-89 and 1989-90, including rules on partner remuneration disallowance, inclusion of family members' shares, computation of partner's share, carry-forward of firm losses, rebates for unregistered firms, and registration and assessment procedures. Separate amendments-uniform financial year, new return and assessment procedure, and interest provisions-apply from 1-4-1989, while advance tax provisions apply from 1-4-1988; TDS changes under section 194E are deferred to 1-4-1989. Circulars Income Tax Wed, 15 Jun 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4922