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FORM NO. 65 See rule 11P Application for *exercising/renewing option for the tonnage tax scheme under *sub-section (1) of section 115VP or sub-section (1) of section 115VR of the Income-tax Act, 1961
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What is form no 65?
Form No 65 is a tax form used for reporting the income of a partnership and its partners to the tax authorities.
Who is required to file form no 65?
Partnership firms that are required to report their income under the Income Tax Act are required to file Form No 65.
How to fill out form no 65?
To fill out Form No 65, provide accurate details about the partnership, including partner information, income, expenses, and tax computation, ensuring all required sections are completed.
What is the purpose of form no 65?
The purpose of Form No 65 is to facilitate the reporting of partnership income and to ensure transparency in tax obligations of the partnership and its partners.
What information must be reported on form no 65?
Form No 65 must report information such as partnership details, partner's share of income, deductibles, total income, and any other relevant financial data.
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