Filing of Partnership return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 July 2010
Sir,
I have a client ( Partnership Firm having 4 Partners) who has carried out Bar Business up to 30.06.2009 and Turnover is 47 Lakhs. On 1.7.2009 the business is transferred to another firm including Capital Accounts, all Assets & Liabilities.
Now the Question is When all the Assets & Liab. are transferred nothing is left in Balance Sheet. While filing Return of Income whether the Balance Sheet will be NIL.
The Partnership is not dissolved.
Please guide me for filing Return of Income The Balance Sheet prepared up to 30.06.2009 should be uploaded or the Balance Sheet will be NIL.
The Period of TAx Audit Report is for the period up to 31.03.2010?
I have a client ( Partnership Firm having 4 Partners) who has carried out Bar Business up to 30.06.2009 and Turnover is 47 Lakhs. On 1.7.2009 the business is transferred to another firm including Capital Accounts, all Assets & Liabilities.
Now the Question is When all the Assets & Liab. are transferred nothing is left in Balance Sheet. While filing Return of Income whether the Balance Sheet will be NIL.
The Partnership is not dissolved.
Please guide me for filing Return of Income The Balance Sheet prepared up to 30.06.2009 should be uploaded or the Balance Sheet will be NIL.
The Period of TAx Audit Report is for the period up to 31.03.2010?
05 July 2010
practically the situation is not understandable. pl clarify the querry in detail
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Building tax payment deduction in rental Income
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- F & O PROFIT REPORTING FOR AY 2026-27
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
