Question ID :
40932
How to file ITR for changes in Partners
There were 19 Partners in a LLP . Since 1.10.19 the number of Partners increased to 32. accordingly their Profit sharing Ratio changed.
Whether 2 Profit and Loss and Balance Sheets will be filled in Computation of Income.
In 3CD , changes in Partners will be filled and a single 3 CD will be filled. How to show different Profits of the Partners for two periods
Kindly guide me
Posted by
AJAY JAIN
on
Jan 01, 2021
Filed Under
DIRECT TAXES
Single Balance sheet and profit and loss account should be filed. Addition of partners and change in profit sharing ratio should be mentioned in Firm 3CD.
Posted by
CA. chunauti dholakia on
Jan 04, 2021