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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.

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.

01 December 2021 tks with kindest regards

01 December 2021 Most Welcome.



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