[6. Form of declaration of partners of a firm---
(1) For the purpose of section 111(6) proviso (ii) of the Ordinance, the declaration shall
be made and verified in the form annexed hereto.
Form of declaration under section 111(6) proviso (ii) of the Income Tax Ordinance,1984.
To
The Deputy Commissioner of Taxes,
Date………………………………
Assessment year…………………
………………………………….
Name of the Firm
Address:
1.We hereby declare that:
Our firm was granted registration under section 111 of the Income Tax
Ordinance, 1984 (XXXVI of 1984),for the assessment year……….
Or,
The application for the registration of the firm was made to Deputy Commissioner
of Taxes on------for the assessment year but no order granting/refusing
registration has been passed by the Deputy Commissioner of Taxes concerned.
2. We hereby declare that the constitution of the firm and the individual shares of the partners as specified in the instrument of partnership certified copy of which was previously filed with the said Deputy Commissioner of Taxes has remained unchanged.
3. We do hereby further declare that the profits( or loss) of the income year have been divided among or credited( and, in the case of loss, debited) to the accounts of partners as shown in the attached Schedule.
Names of partners and addresses:
(1)………………. (Signatures) (1)……………….
(2)……………... (2)……………...
(3)……………... (3)……………...
(4)……………… (4)………………
VERIFICATION
We declare to the best of our knowledge and belief the information given in the above declaration is correct and complete.
Signature of partners:
(1)……………….
(2)……………...
(3)……………...
(4)………………
Note:-This application and the verification must be signed by all the partners (not being minors) and by the legal representative of any deceased partner.
THE SCHEDULE
Particulars of apportionment of income, profits and gains (or loss) of the business of profession in the income year ending on…………….. between the partners who
were entitled to share in such income,
Profits and gains (or loss).
| Sl No. |
Names Of Partners |
Address |
Interest on capital (or loans), if any [see Note(1)) |
Salary, Commission (or other remuneration) from the firm [see Note (2) |
Share in the balance of profits (or loss) [see note
(2) |
Remarks |
| 1 |
2 |
3 |
4 |
5 |
6 |
7 |
| |
|
|
|
|
|
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Notes— (1) If the interest salary, commission/or other remuneration is payable or allowable
only if there are sufficient profits available, this fact should be noted against the appropriate
item in the Remarks column.
(2) Where any partner is entitled to share in the profits but not liable to bear a similar proportion of any losses, this fact should be noted in the Remarks column ]
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