Re: [aurangabad_ca] PARTNERSHIP QUERY
Dear Soham,
Yes, the partners can open new partnership with same partners to avoid tax audit u/s.44AB of the Income tax Act, 1961 and it's feasible or not, it will be discretion of concerned partners.
Regards
On Wed, Feb 3, 2010 at 2:14 PM, Soham Shah <soham_bshah@yahoo.co.in > wrote:
DEAR SIR,THE FOLLOWING IS MY QUERY:AB & CO., A PARTNERSHIP FIRM WHOSE TURNOVER IS 30 LAKHS WHICH IS LIKELY TO GO BEYOND 40 LAKHS. SO THE PARTNERS TO AVOID TAX AUDIT DECIDED TO OPEN NEW PARTNERSHIP FIRM WITH SAME PARTNERS IS THAT POSSIBLE WITH REFERENCE TO PARTNERSHIP ACT OR ANY OTHER ACT? IF YES WILL IT BE FEASIBLE TO DO THE SAME?THANKING YOU,SOHAM SHAH
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Assuring Quality Services
____________
CA. Manjunath K. Gowda
M.Com., F.C.A., A.C.S., DISA(ICA)
Partner
Manjunath Gowda & Associates
Chartered Accountants
Off. No.7, Vishwakarma Apartments,
Nr. Pharmacy College of Bombay,
Sunder Nagar, Kalina, Santacruz
(East), Mumbai - 400 029
: +91 - 22 - 2665 6115
: +91 - 98205 82219
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AURANGABAD_CA is a Yahoo Group for the benefit of CA and other professional. It is especially meant for written discussion within group members and circulate the information among its members. The mail may contain such research/advice/opinion/information/fact provided by any member or moderator and every contain of the mail or information of yahoo is always subject to the Accuracy and of the description of facts.
The Aurangabad_CA , its moderator/owner do not claim that contains in mail/information obtained after reading as a complete and accurate disclosure of relevant fact(s).
Considering all above facts m the transaction based on above mail may not complete without confirming proper statue/authority/person. Therefore any action/transaction taken on basis of this mail do not imply the accuracy or value . Further this Group�s Owner/Moderator/Member are not liable for any damages or costs suffered due to action/transaction based on information on this Yahoo Group.
For Seeking any Clarification you may mail only to Group Moderator on
girishkulk@gmail.com
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