The end
This query is : Resolved
17 April 2014
A proprietor wants to end his business.
What is the procedure for it?
What formalities he need to fulfil?
What will be the situation if a partnership firm wants to end its business?
Regards
Shivani
What is the procedure for it?
What formalities he need to fulfil?
What will be the situation if a partnership firm wants to end its business?
Regards
Shivani
17 April 2014
There are not such rules & regulations in proprietorship and also in partnership if the firm is not registered.
17 April 2014
if a partnership wishes to end any business, in income tax you need to inform the AO under section 176 within 15 days of the closure.
17 April 2014
if you close business then you have to inform 15 days from the close of business u/s 176(3)
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