https://www.taxtmi.com/manuals?id=1420 Assessment as a firm requires the partnership to be evidenced by an instrument with the individual shares of partners specified. A certified copy of the partnership instrument must be furnished with the return when assessment as a firm is first sought; revised certified instruments are required after constitution changes. Failure to comply leads to full disallowance of interest and remuneration in the hands of the firm and non taxability of those amounts in the hands of partners. en-us Thu, 21 Jan 2016 18:15:00 +0530 Fri, 03 May 2024 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1420 Assessment as a firm requires the partnership to be evidenced by an instrument with the individual shares of partners specified. A certified copy of the partnership instrument must be furnished with the return when assessment as a firm is first sought; revised certified instruments are required after constitution changes. Failure to comply leads to full disallowance of interest and remuneration in the hands of the firm and non taxability of those amounts in the hands of partners. Manuals Income Tax Thu, 21 Jan 2016 18:15:00 +0530 https://www.taxtmi.com/manuals?id=1420