Sponsored
    Follow Us:

Partnership

Latest Articles


Section 194T TDS on Partner Payments: Challenges & Action Plan

Income Tax : Understand the new Section 194T TDS rules for partnership firm payments to partners (salary, interest). Learn about challenges and...

May 2, 2025 1551 Views 0 comment Print

Procedure and Compliance For Conversion of Firm Into LLP

Corporate Law : Learn the step-by-step procedure to convert a partnership firm into an LLP, along with required documents, forms, and post-convers...

April 22, 2025 750 Views 0 comment Print

Whether Partnership Firm can Subscribe to MOA & AOA of a Company?

Company Law : Legal analysis: Can a partnership firm subscribe to a company's MOA/AOA under the Companies Act, 2013? Examination of legal provis...

April 15, 2025 1335 Views 0 comment Print

Step-by-Step Guide for Converting a Partnership Firm into a Private Limited Company

Company Law : A detailed guide to converting a partnership firm into a private limited company under Section 366 of the Companies Act, 2013....

April 9, 2025 1479 Views 1 comment Print

Key Income Tax Changes for Partnership Firms Starting April 1, 2025

Income Tax : Partnership firms must comply with new tax rules from April 1, 2025. Changes include higher partner remuneration limits and mandat...

March 18, 2025 25071 Views 4 comments Print


Latest News


BJP CA cell demanded Amnesty Scheme for Partnership Firms

Corporate Law : Professionals request an amnesty scheme for partnership firms in Maharashtra to regularize past lapses and ease compliance with Re...

May 6, 2025 13860 Views 1 comment Print

Budget 2024: Increase in limit of remuneration to working partners of firm

Income Tax : Finance Bill 2024 proposes increasing the deduction limit for working partner remuneration to Rs. 3,00,000 or 90% of book profit, ...

July 25, 2024 4461 Views 0 comment Print

Section 194T: 10% TDS on Payments by Partnership Firms to Partners

Income Tax : From April 1, 2025, firms must deduct 10% TDS on payments to partners exceeding Rs 20,000 annually, under new Section 194T of the ...

July 24, 2024 11481 Views 1 comment Print

KSCAA Representation on challenges faced in registering Partnership Firms

Corporate Law : KSCAA presents a representation highlighting the challenges faced in registering firms and suggests solutions. Read more about the...

June 14, 2023 3390 Views 0 comment Print

Inviting Expression of Interest -Study Group: RoF Related Issues In Maharashtra

CA, CS, CMA : ICAI Committee on, Economic, Commercial Laws & Economic Advisory is forming a Study Groups for the subject – RoF Related Issues ...

June 17, 2018 573 Views 0 comment Print


Latest Judiciary


Partner’s Contribution Becomes Firm’s Property Under Partnership Act: SC

Corporate Law : Supreme Court affirms that property contributed to a partnership firm becomes firm property, denying exclusive rights to legal hei...

March 4, 2025 2040 Views 0 comment Print

CIRP application dismissed due to non-compliance of section 69(2) of Indian Partnership Act

Company Law : NCLT Hyderabad dismissed the application filed under section 9 of the Insolvency and Bankruptcy Code, 2016 for initiation of CIRP ...

October 22, 2024 267 Views 1 comment Print

Capital Gains Tax on Transfer of Depreciable Assets Without Asset Distribution Post-Partnership Firm reconstitution

Income Tax : Kerala High Court rules on capital gains tax for transfer of depreciable assets in PVR Tourist Home Vs CIT. Read the full judgment...

July 10, 2024 708 Views 0 comment Print

Deceased Partner’s Heirs Not Liable for Firm’s Obligations: SC

Corporate Law : Supreme Court ruling clarifies legal heirs' non-liability for firm debts after partner's demise. Detailed analysis & judgment over...

April 16, 2024 4182 Views 0 comment Print

Section 148 Notice cannot be issued to Partner for Transactions Among Partnership Firms

Income Tax : Explore the case of Bhagwan Laxman Rokde Vs ITO (ITAT Mumbai) regarding validity of reopening u/s.147, taxation on undisclosed inc...

April 3, 2024 1044 Views 0 comment Print


Latest Notifications


Partnership Act 1932: Auditing Not Mandatory Before Sharing Firm Financials with legal heirs

CA, CS, CMA : Explore Section 12(e) of the Partnership Act 1932 and its implications on sharing firm financials with legal heirs. Detailed analy...

July 12, 2024 1332 Views 0 comment Print

HUF or its Karta cannot become partner or designated partner in LLP

Company Law : General Circular No. 2/2016 Reference is invited to General Circular No. 13/2013 wherein, in paragraph 2, it has been clarified...

January 15, 2016 9922 Views 0 comment Print

Limited Liability Partnership (Amendment) Rules, 2015

Corporate Law : For the purposes of the proviso to sub-section (1) of section 58 of the Act, where the firm has been converted into limited liabil...

October 15, 2015 5602 Views 0 comment Print

Trust/trustee as a partner in LLP – Clarification

Corporate Law : Clarifications have been sought on whether a trust or a trustee representing a trust in the case of "Real Estate Investment Trust"...

October 14, 2014 8741 Views 0 comment Print

Maharashtra Govt doubled Partnership Fees w.e.f. 25/10/2013

Corporate Law : Maharashtra Government has vide Notification No. No IPA. 2012/329/CR 59/Desk-1 Dated 25.09.2013 has doubled the fees for partnersh...

October 23, 2013 3493 Views 0 comment Print


Latest Posts in Partnership

BJP CA cell demanded Amnesty Scheme for Partnership Firms

May 6, 2025 13860 Views 1 comment Print

Professionals request an amnesty scheme for partnership firms in Maharashtra to regularize past lapses and ease compliance with Registrar of Firms requirements.

Practical Issues in Partnership Firm Mergers

May 5, 2025 645 Views 0 comment Print

The term “partnership” is defined in Section 4 of the Indian Partnership Act, 1932, as the relationship between individuals who have agreed to share the profits of a business carried on by all or any of them acting for all. Individuals who have entered into a partnership are individually known as “partners” and collectively as […]

Section 194T TDS on Partner Payments: Challenges & Action Plan

May 2, 2025 1551 Views 0 comment Print

Understand the new Section 194T TDS rules for partnership firm payments to partners (salary, interest). Learn about challenges and how to prepare for compliance.

Procedure and Compliance For Conversion of Firm Into LLP

April 22, 2025 750 Views 0 comment Print

Learn the step-by-step procedure to convert a partnership firm into an LLP, along with required documents, forms, and post-conversion compliance.

Whether Partnership Firm can Subscribe to MOA & AOA of a Company?

April 15, 2025 1335 Views 0 comment Print

Legal analysis: Can a partnership firm subscribe to a company’s MOA/AOA under the Companies Act, 2013? Examination of legal provisions and MCA practices.

Step-by-Step Guide for Converting a Partnership Firm into a Private Limited Company

April 9, 2025 1479 Views 1 comment Print

A detailed guide to converting a partnership firm into a private limited company under Section 366 of the Companies Act, 2013.

Key Income Tax Changes for Partnership Firms Starting April 1, 2025

March 18, 2025 25071 Views 4 comments Print

Partnership firms must comply with new tax rules from April 1, 2025. Changes include higher partner remuneration limits and mandatory TDS on partner payments.

Partner’s Contribution Becomes Firm’s Property Under Partnership Act: SC

March 4, 2025 2040 Views 0 comment Print

Supreme Court affirms that property contributed to a partnership firm becomes firm property, denying exclusive rights to legal heirs. Read the full judgment details here.

Enhanced Limits for Partners Remuneration: Section 40(b) & 194T

February 11, 2025 33951 Views 0 comment Print

Learn about Section 40(b) limits on partner remuneration and the introduction of Section 194T for TDS on remuneration, effective April 2025.

Partnership Firm Registration Process in India: Step-by-Step

February 4, 2025 2919 Views 0 comment Print

Learn the step-by-step process for partnership firm registration in India. Understand legal requirements, key documents, and compliance for a smooth registration.

Sponsored
Sponsored
Search Post by Date
May 2025
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031