Procedure for dissolution of firm
This query is : Resolved
08 January 2014
Dear All,
What are the Procedures involved in Dissolution of Partnership Firm (Practically)?
Regards,
Jordan
What are the Procedures involved in Dissolution of Partnership Firm (Practically)?
Regards,
Jordan
08 January 2014
1. First you have to settle accounts. i.e. debtors, creditors & loans accounts need to settle first by way of clearing all entries. Then sale stock to consumer / partners.
2. Pay all taxes & file return.
3. Then surrender PAN /VAT /Service tax / Excise etc. number taken.
4. If partnership is registered under partnership act, then make application of surrender for the same also.
2. Pay all taxes & file return.
3. Then surrender PAN /VAT /Service tax / Excise etc. number taken.
4. If partnership is registered under partnership act, then make application of surrender for the same also.
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