Change in profit sharing ratio

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 March 2010 Is it necessary to file any form under partnership act, 1932 if there is a change in profit sharing ratio between the partners. well that partnership was constituted in Maharashtra so please reply accordingly and let me know any Specific form, if any, to be filed.

Regards

CA Ashok Kumar Sahu

CA Ashok Kumar Sahu (Expert)
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03 April 2010 as per my knowledge not require to file any form for change in Profit sharing ration.

just inform to this change to Firm resistor and Assessing officer of income tax