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Partnership Firm,Partnership Firm Tax Filing - Guides & Articles

Apr - 2024
24
Partnership Firm Tax Return Filing - e-Filing Procedure

Partnership Firm Tax Return Filing - e-Filing Procedure

Partnership Firm Tax Return Filing - e-Filing Procedure A Partnership firm is a business structure where two or more persons are formed to conduct a business under one entity. Each person is called a “partner”, and collectively it is denoted as a “firm.” If a firm registers with the Registrar of Co ...
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Mar - 2024
20
Compliances for Partnership Firms in India

Compliances for Partnership Firms in India

Compliances for Partnership Firms in India Any company registered in India, including partnership firms, must adhere to compliances set by regulatory authorities. These obligations typically involve filing annual returns, maintaining proper accounting records, adhering to tax regulations, and fulfi ...
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Nov - 2023
30
Dissolution of Partnership Firm

Dissolution of Partnership Firm

Dissolution of Partnership Firm "Dissolution of partnership firm involves terminating the business and settling all accounts. This includes selling assets, paying off debts, and distributing remaining funds among partners." This process can occur in two forms: the dissolution of the partnership, wh ...
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Sep - 2023
20
What is a Partnership Deed?

What is a Partnership Deed?

What is a Partnership Deed? A partnership deed, a partnership agreement, is a written document among business partners. It's a preferred choice among entrepreneurs due to its many benefits. However, running a partnership business involves planning and risk. Disagreements, financial issues, or intern ...
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Mar - 2023
27
Who is eligible for partnership?

Who is eligible for partnership?

Who is eligible for partnership? Partnerships are popular business organizations where two or more individuals operate a business jointly to share profits and losses. However, not everyone can become a partner in a partnership firm. The Indian Partnership Act of 1932 lays down specific requirements ...
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Mar - 2023
25
Is it compulsory to register a partner?

Is it compulsory to register a partner?

Is it compulsory to register a partner? Registration of a partner to a partnership firm is not mandatory in India. However, if a new partner joins the partnership, the partnership deed should be amended, and a supplementary agreement should be executed. While registration of partners is not require ...
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Mar - 2023
10
Who cannot be a partner in a firm?

Who cannot be a partner in a firm?

Who cannot be a partner in a firm? A partnership firm is a business entity where two or more people come together to carry on a business and share its profits and losses. While partnerships offer several advantages, such as easy formation and flexible management, there are also certain restrictions ...
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Mar - 2023
08
Is an unregistered partnership deed valid in India?

Is an unregistered partnership deed valid in India?

Is an unregistered partnership deed valid in India? Yes, an unregistered partnership deed is valid in India. However, there are some important implications to consider. In India, a partnership firm registration can be formed by way of an oral agreement or a written agreement, and an unregistered pa ...
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Mar - 2023
08
Is it mandatory to form a partnership deed?

Is it mandatory to form a partnership deed?

Is it mandatory to form a partnership deed? It is not mandatory to form a partnership deed in India under the Indian Partnership Act of 1932. However, it is recommended to have a written partnership deed as it helps avoid any disputes or misunderstandings between the partners by establishing the te ...
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Mar - 2023
07
What are the types of partnership deeds?

What are the types of partnership deeds?

What are the types of partnership deeds? Partnerships are a popular form of business organization that allows two or more individuals to collaborate and share the profits and losses of a business. To establish a partnership, partners must draft and execute a partnership deed, a legal document that ...
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