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Procedure for dissolution of firm

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(Querist)
08 January 2014 Dear All,

What are the Procedures involved in Dissolution of Partnership Firm (Practically)?

Regards,
Jordan
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Riddhi Kadhiwala

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Riddhi Kadhiwala (Expert)
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.
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JORDAN

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JORDAN (Querist)
11 January 2014 Thanks for guiding me Riddhi.
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