Issues in case of death of a partner in a partnership firm
This query is : Resolved
07 October 2019
If there r 2 partners in a partnership firm and, one partner died on 30.09.2018 and on 01.10.2018 two new partners join the firm, then:
1. wht changes should be made in partnership dead, weather I hv to go with new partnership dead or supplementary dead is sufficient?
2. should I continue the firm with same PAN or I hv to apply new one?
3. should I prepare financial statements separately, for the purpose of audit?
4. whts will be the impact on income tax return filing?
1. wht changes should be made in partnership dead, weather I hv to go with new partnership dead or supplementary dead is sufficient?
2. should I continue the firm with same PAN or I hv to apply new one?
3. should I prepare financial statements separately, for the purpose of audit?
4. whts will be the impact on income tax return filing?
26 May 2020
You just have to prepare New Partnership Deed
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