https://www.taxtmi.com/acts?id=48769 Assessment as a firm requires a partnership instrument specifying individual partner shares and a certified copy of that instrument must accompany the return when assessment as a firm is first sought, certified by all non-minor partners or, after dissolution, by former partners and legal representatives of deceased partners. A firm once assessed remains so unless the constitution or shares change, in which case a certified revised instrument must be furnished. Certain failures by the firm cause a rule disallowing any deduction for payments to partners and make those payments not chargeable to tax under the relevant income provision. en-us Fri, 14 Feb 2025 11:46:00 +0530 Fri, 14 Feb 2025 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48769 Assessment as a firm requires a partnership instrument specifying individual partner shares and a certified copy of that instrument must accompany the return when assessment as a firm is first sought, certified by all non-minor partners or, after dissolution, by former partners and legal representatives of deceased partners. A firm once assessed remains so unless the constitution or shares change, in which case a certified revised instrument must be furnished. Certain failures by the firm cause a rule disallowing any deduction for payments to partners and make those payments not chargeable to tax under the relevant income provision. Act-Rules Bills Fri, 14 Feb 2025 11:46:00 +0530 https://www.taxtmi.com/acts?id=48769