Refund of income tax

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 November 2012 If a partnership firm is dissolved and after 1 year of dissolution Income tax refund is received on the name of firm, What shall be done?

Amol S Joglekar

Amol S Joglekar (Expert)
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20 November 2012 01.Ask the banker where the firm was having the account; if it is ready to collect the proceeds on behalf of the dissolved firm.. 02. Else go to income tax department, and ask for the cheque in the name of any of the partners...(As per the conditions of dissolution deed)

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