Closure of partnership firm

Save Share

This query is : Resolved

Quick Summary

If you've closed your partnership firm, you must inform both the Income Tax department and GST authorities. For Income Tax, write a formal letter to your jurisdictional officer, stating the dissolution and surrendering the PAN card. Include a dissolution deed, PAN card copy, and final return acknowledgment. For GST, follow the relevant online procedures to de-register your business.

TARIQUE RIZVI

TARIQUE RIZVI (Querist)

13 January 2021 Respected Sir,
We have closed our partnership firm. Whether we will have to inform the department of income tax also that the partnership firm has been closed ? Please let me know the online procedure for doing the needful to be done for income tax department.

TARIQUE RIZVI

TARIQUE RIZVI (Querist)

13 January 2021 The same way we have to inform GST and what to do in such case.

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

31 October 2021 Write a letter to the Income Tax Officer under whose jurisdiction the firm’s taxes were being filed and mention that the Firm is being dissolved, resulting in the PAN card being surrendered.
Attach a copy of the deed that states the firm is being dissolved, the PAN card as well as an acknowledgment of the return being filed for the discontinuation period.
Submit the letter and documents to the Income Tax Officer and keep a copy of the acknowledgement received from the tax office.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now