Effect on it return in case ofchange in constitution of firm
This query is : Resolved
KHAN MOHAMMED AFAQUE
(Querist)
19 October 2015
THERE IS CHANGE IN THE CONSTITUTION OF FIRM DURING FY 2014 15, DURING THE MIDDLE OF YEAR FIRM IS UNDER AUDIT U/S 44 AB IN ONE PERIOD AND U/S 44 AD IN SECOND PERIOD,
HOW TO FILE THE RETURN OF INCOME FOR AY 2015 2016.
WHETHER ONE RETURN COMBINING THE ENTIRE YEAR FIGURE CAN BE FILED AS THE SYSTEM WILL NOT ACCEPT TWO RETURN.
HOW TO FILE THE RETURN OF INCOME FOR AY 2015 2016.
WHETHER ONE RETURN COMBINING THE ENTIRE YEAR FIGURE CAN BE FILED AS THE SYSTEM WILL NOT ACCEPT TWO RETURN.
21 October 2015
if the firm will remain in existance after exit of any partner or in case of admisssion of partner, status will remain same. thus itr will be filed on consolidate base. thus one itr will be filed.
however if one partner exit causing change in status from partnership to individual, only then two seprate return, one of firm and other of proprietor can be filed
however if one partner exit causing change in status from partnership to individual, only then two seprate return, one of firm and other of proprietor can be filed
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