Formation, Management, and Taxation of Partnership Firms and Partners is a Practice book on Income Tax on Conferenza, priced at ₹600 (20% off MRP ₹750). Published by Commercial Law Publishers. Order online with fast delivery across India.
- Price
- ₹600 · 20% off
- Course
- Practice
- Subject
- Income Tax
Formation, Management, and Taxation of Partnership Firms and Partners
Commercial Law Publishers
Book Specifications
- Course
- Practice
- Subject
- Income Tax
- Publisher
- Commercial Law Publishers
About this book
The 2nd Edition (2023) of Formation, Management and Taxation of Partnership Firms and Partners by Ram Dutt Sharma. It covers both sides of a partnership firm's life: the law under the Partnership Act, 1932, and the tax treatment under the Income Tax Act, 1961.
At a glance
| Edition | 2nd Edition, 2023 |
| Author | Ram Dutt Sharma |
| Statutes covered | Partnership Act, 1932 and Income Tax Act, 1961 |
| Publisher | Commercial Law Publishers |
What's inside
- Concept, nature and characteristics of partnership, with formation and registration under the Partnership Act, 1932
- Rights, duties and obligations of partners, and the dissolution and reconstitution of firms
- Taxation of partnership firms under the Income Tax Act, 1961, with computation of taxable income and return filing
- Remuneration to partners, allowable limits and tax treatment
- Interest on capital and drawings, in both accounting and tax terms
- Assessment procedures, set-off and carry forward of losses, recent amendments and case law, with worked illustrations
Who should buy this
- Practitioners advising partnership firms on formation and compliance
- Chartered accountants computing firm and partner income
- Students and academicians studying partnership law and taxation
Publisher's description
Formation Management and Taxation of Partnership Firms and Partners
Authored by Ram Dutt Sharma, this 2nd Edition (2023) provides an in-depth and practical analysis of the law relating to the formation, administration, and taxation of partnership firms and partners in India. It is meticulously updated in accordance with the Partnership Act, 1932 and the Income Tax Act, 1961, making it an essential reference for practitioners, academicians, and students.
The book comprehensively explains the legal and procedural framework for establishing and managing a partnership firm, including rights, duties, and liabilities of partners. It also covers the complete taxation regime applicable to partnership firms and their partners, integrating statutory provisions with judicial interpretations and departmental guidelines.
The content covers:
• Concept, nature, and characteristics of partnership
• Formation and registration of partnership firms under the Partnership Act, 1932
• Rights, duties, and obligations of partners
• Dissolution and reconstitution of firms
• Taxation provisions applicable to partnership firms under the Income Tax Act, 1961
• Computation of taxable income and filing of returns for partnership firms
• Remuneration to partners – allowable limits and tax treatment
• Interest on capital and drawings – accounting and taxation aspects
• Assessment procedures and compliance requirements for firms and partners
• Set-off and carry forward of losses
• Recent amendments and latest case laws relevant to partnership taxation
• Practical illustrations for clarity in computation and compliance
This edition is particularly suitable for:
• Chartered accountants, tax practitioners, and advocates handling partnership matters
• Business owners and partners seeking clarity on legal and tax implications
• Students of law, commerce, and taxation preparing for professional exams
• Academicians and researchers focusing on business law and taxation
With its blend of legal interpretation, procedural guidance, and practical examples, this edition stands as a reliable resource for understanding and managing the complexities of partnership law and taxation in India.
Frequently asked questions
What is Formation, Management, and Taxation of Partnership Firms and Partners?+
The 2nd Edition (2023) of Formation, Management and Taxation of Partnership Firms and Partners by Ram Dutt Sharma. It covers both sides of a partnership firm's life: the law under the Partnership Act, 1932, and the tax treatment under the Income Tax Act, 1961. At a glance Edition
How much does Formation, Management, and Taxation of Partnership Firms and Partners cost?+
Formation, Management, and Taxation of Partnership Firms and Partners is available for ₹600 (MRP ₹750) on Conferenza, with fast delivery.
Which exam is Formation, Management, and Taxation of Partnership Firms and Partners for?+
Practice — Income Tax.
Is Formation, Management, and Taxation of Partnership Firms and Partners good for self-study of Income Tax?+
Formation, Management, and Taxation of Partnership Firms and Partners is a Income Tax book for Practice, suitable for self-study and revision. Pair it with practice and past papers for complete exam preparation.
Which is the best book for Income Tax?+
There's no single "best" book for Income Tax — the right choice depends on the syllabus coverage you need, the author's approach, the edition and your budget. Formation, Management, and Taxation of Partnership Firms and Partners is one Practice option; compare it with other Income Tax books on Conferenza by edition, coverage and price to pick what suits your preparation.
Is Formation, Management, and Taxation of Partnership Firms and Partners available as a free PDF download?+
Formation, Management, and Taxation of Partnership Firms and Partners is a paid book on Conferenza, delivered fast across India. For free PDFs — study material, RTPs, MTPs and suggested answers — visit https://conferenza.in/downloads.