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Tax liability on converted firms to proprietorship

This query is : Resolved 
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(Querist)
10 February 2014 WE have a client who has a partnership firm. Now only one member exists and the same shall continue as proprietor from FY 2012-13.
How do i file the returns for such?
I can file in the PAN of the firm? Or the Individual?
In case i file in the PAN of firm, i cant claim exemption u.s 54F (Capital gains)
In case i file in the PAN of individual, i cant claim TDS deductions, as such deductions have been made on the firm's PAN.
Which ITR form shall be applicable now?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
11 February 2014 It is advisable to introduce a partner in the firm and to be continued till it is formally dissolved to take the benefit of TDS.
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As regards 54F, particulars about the capital assets transferred and corresponding property investment details are required.
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