Assessment of dissolved partnership
This query is : Resolved
09 January 2016
One Partnership firm dissolved in mid of the year, and PAN also applied for surrender, further individual partner carrying his own business, then in which way assessment of Partnership and individual will be made in the year end.
09 January 2016
As per the books of account maintained by Firm and Individual partner. If there is any transfer of assets and liabilities from the firm to partner on dissolution, please check the provisions of capital gains section 45(4) and for computing depreciation, section 43 (actual cost) etc.
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