Form 11:Application for registration of a firm for the purposes

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Documents: 

FORM NO. 11
[See rules 22(2)(i) and 22(4)(i)]
Application for registration of a firm for the purposes of the Income-tax Act, 1961

To
The Assessing Officer,
Re : Assessment year___________
1. We, on behalf of___________________________[name of the firm] hereby apply for the registration of our firm for the purposes of the Income-tax Act, 1961 for the assessment year_____________
2. The original/ certified copy of the instrument evidencing the partnership together with a copy/ duplicate copy is enclosed. The prescribed particulars are given in the Schedule on the reverse.
3. We hereby declare that none of the partners of the firm was, at any time during the previous year, up to the date of this Application, in relation to the whole or any part of his share in the income or property of the firm, a benamidar of any other Partner to whom he is not related as spouse or minor child.
4. We do hereby certify that the profit (or loss, if any) of the previous year were/will be/period up to the date of dissolution were/will be divided or credited as shown in the Schedule and that the information given above and in the Schedule is correct.
Date ________________
Signature Address
Note : Where the application is made after the end of the previous year, the words "up to the date of this application" must be deleted.
SCHEDULE
Particulars of the firm as constituted at the date of this application and of the shares of the partners in the income (or loss) of the firm and, where the application is made after the end of the previous year, of the apportionment of the income (or loss) of the firm between the partners for the relevant previous year
Name of
partner
Address Date of
admittance to
partnership
Interest on
capital or
loans (if any)
Salary, commission or other
remuneration from firm
Share in
the balance of
profits (or
loss)
percentage
Remarks
1 2 3 4 5 6 7
Notes :
1. If the interest, salary, commission and/or other remuneration is payable (or allowable) only if there are sufficient profits available, this fact should be noted by marking the items in the appropriate columns with the letter "R" [in other cases the interest, salary, commission and/or other remuneration may exceed the total profits so as to leave a balance of net loss divisible in column 6].
2. If any partner is entitled to share in profits but is not liable to bear a similar proportion of any losses, this fact should be indicated by putting against his share in column 6 the letter "P".