BOOK RELEASE

Handbook on taxation of partnership Firms & limited Liability Partnership: Frequently Asked Questions

We are pleased to inform you that the AIFTP has published a Book titled “Handbook on Taxation of Partnership Firms & Limited Liability Partnership: Frequently Asked Questions” in association with the Taxmann dedicated to Late Shri Bhartji Agrawal, Senior Advocate and Past National President of the AIFTP. The publication was released by Hon’ble Mr. Justice J. K. Ranka, Former Judge, Rajasthan High Court on May 16, 2026 at the All Zones National Tax Conference organised by AIFTP at Jaipur.

The Message for the said publication is written by Hon’ble Mr. Justice Rajesh Bindal, Judge, Supreme Court of India, Hon’ble Mr. Justice Arun Bhansali, Chief Justice, Allahabad High Court, Hon’ble Mr. Justice Piyush Agrawal, Judge, Allahabad High Court. A Foreword for this publication is written by Hon’ble Mr. Justice R. K. Agrawal, Former Judge, Supreme Court of India and President, National Consumer Dispute Redressal Commission.

This publication is edited by Dr. K. Shivaram, Senior Advocate and authored by Mr. Shashi Bekal, Advocate.

The price of the publication is Rs. 1,350/-. AIFTP Members can avail the book at Rs. 1,100/- (Including Courier charges).

Amount may be transferred to below mentioned bank account and for further information you may contact Mr. Ravindra Patade (+91 9869722522 / 022 249706343).

MODE OF PAYMENT

You may transfer your payment through NEFT to our below mentioned a/c & send us the transfer / deposit receipt for checking with our bank statement. Our bank details are as under:-

 Name                                     : All India Federation of Tax Practitioners (No short form is allowed)

Bank Name                          : ICICI Bank Ltd.,

Bank Details                       : Ground Floor, Navsari Building, Dr. D. N. Road, Fort, Mumbai – 400 001

Account Number              : 623501161215

Account Type                    : Saving Bank Account

RTGS / NEFT Code          : ICIC0006235

About the publication

This publication is dedicated to the fond memory of Late Shri Bharatji Agrawal, Senior Advocate and Past National President of the AIFTP.

• The publication contains 437 Frequently Asked Questions on the subject of taxation of Partnership Firms and Limited Liability Partnerships.

• The publication is divided into 24 chapters, viz. Admission of a Partner, Dissolution of a Partnership Firm, Reconstitution of a Partnership Firm, et cetera.

• The publication draws a reference to the erstwhile Income-tax Act, 1961, for ready reference.

• The publication addresses queries on the implications of other laws, viz. Stamp duty, GST, FEMA, Labour Laws vis-à-vis Partnership Firms & Limited Liability Partnerships.

• The publication contains the important specimens, reference to relevant provisions of the Income-tax Act, 1961, and a bare act of the Indian Partnership Act, 1932 and the Limited Liability Partnership Act, 2008, for ready reference.

This publication will serve as a useful reference and guide to Lawyers, Chartered Accountants, Tax practitioners, taxpayers, as well as the Officers of the Tax Department to understand the basic principles of the Indian Partnership Act, 1932, vis-à-vis Direct taxes. It is the only publication that deals exhaustively with the new provisions of the Income-tax Act, 2025 and General Law pertaining to Partnerships.

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