https://www.taxtmi.com/acts?id=51870 Assessment as a firm is required where a partnership instrument evidences the partnership and specifies partners' individual shares; a certified copy of that instrument must accompany the firm's return when assessment as a firm is first sought, certified in writing by all partners (excluding minors) or, after dissolution, by former partners and legal representatives of deceased partners. A firm assessed as such remains so unless the constitution or shares change, and if changes occur a certified revised instrument must be filed. Certain failures by the firm trigger denial of deductions for payments to partners and render those payments not chargeable under the referenced provision. en-us Thu, 14 Aug 2025 17:48:25 +0530 Wed, 20 Aug 2025 16:36:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51870 Assessment as a firm is required where a partnership instrument evidences the partnership and specifies partners' individual shares; a certified copy of that instrument must accompany the firm's return when assessment as a firm is first sought, certified in writing by all partners (excluding minors) or, after dissolution, by former partners and legal representatives of deceased partners. A firm assessed as such remains so unless the constitution or shares change, and if changes occur a certified revised instrument must be filed. Certain failures by the firm trigger denial of deductions for payments to partners and render those payments not chargeable under the referenced provision. Act-Rules Income Tax Thu, 14 Aug 2025 17:48:25 +0530 https://www.taxtmi.com/acts?id=51870