Rendition of accounts


This query is : Resolved 

Quick Summary
The Indian Partnership Act 1932 doesn't specify the exact number of years for rendition of accounts when an unregistered partnership dissolves. While the Income Tax Act requires eight assessment years of accounts to be kept, this discussion confirms that eight years is indeed the period for submission before an arbitrator in such cases.

Profile Image

Guest

Profile Image

Guest (Querist)
01 February 2023 Indian Partnership Act 1932 does not makes it clear about the number of years of rendition of accounts.How many years of accounts has to be submitted before the arbitrator in case of dissolution of an unregistered partnership firm? Is it eight assessment years as stated by the Income Tax Act?

01 February 2023 Yes you are right as eight years accounts will be kept.

Profile Image

Guest

Profile Image

Guest (Querist)
01 February 2023 Thanks for this response 🙏


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details