Income tax informations

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This query is : Resolved

Chandrashekhara H.M. (Querist)

20 March 2015 Dear sirs,

Kindly advise me reg the following

1) I got a client, a partnership firm. they have done the business up to 28/02/2015 and subsequently dissolved the firm.
Now the question is, who has so sign the itax papers for asst year 2015-16?

I want to surrender their pan card. Pl adv me so as to where I should surrender the same and the procedure for surrendering?

thanks and regards
chandrashekhar

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

20 March 2015 for surrendering u must write a letter to jurisidictional ao and must inform abt the same.

for ay 2015-16 even for disolved partnership firm you have to file itr for firm.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

22 March 2015 Any of the partner has to sign the ITR V of Assessment Year 2015-16. The firm was in existence for FY 2014-15 i.e., AY 2015-16 so the then partner has the responsibility to file the Income Tax Return and sign on ITR V.

Write to the jurisdictional AO enclosing a copy of dissolution deed and the Original PAN Card and requesting for cancellation of the PAN. Keep a copy of the letter duly acknowledge by the department for record.

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