21 October 2010
As per proviso to section 187(2) dissolution by way of death of partner does not tantamount to change in constitution. so my question- whether the firm will be liable for filing only one return or more.
22 October 2010
The firm stands dissolved. Therefore, change in constitution does not arise because the firm does not exist after death of one among two. Two returns has to be filed, one in the status of firm up to the date of death and the other in individual capacity from the next date to year end.
CAclubindia
