ONLINE CLOSURE OF PARTNERSHIP WITH INCOME TAX DEPARTMENT
This query is : Resolved
01 December 2021
Dear Sir,
Since last so many years we dont have any business but every year we have to file ITR-5 with NIL balances. What to do for closure of the said partnership firm with subject to income tax rules and regulations.
Since last so many years we dont have any business but every year we have to file ITR-5 with NIL balances. What to do for closure of the said partnership firm with subject to income tax rules and regulations.
01 December 2021
1. First make dissolution deed by mutual consent of all the partners.
2. Settle the account, with third party liabilities, if any.
3. File the return till the date of dissolution.
4. Surrender PAN to ITO along with a copy of Dissolution Deed.
2. Settle the account, with third party liabilities, if any.
3. File the return till the date of dissolution.
4. Surrender PAN to ITO along with a copy of Dissolution Deed.
Message likes :
1 times
01 December 2021
tks with kindest regards
01 December 2021
Most Welcome.
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Traces submitting correction statement error
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Residential status of non resident
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
