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What is the process to disolve the partnership firm

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(Querist)
19 February 2014 what is the steps for dissolution of partnership firm? in case of 2 partners in which one of them carry business in proprietorship then what we done??
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Yogesh Shukla

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Yogesh Shukla (Expert)
19 February 2014 Yes you need to get signed a dissolution deed by all the partners and yes notry is must........ Further i think you need to surrender your firm's PAN with A.O alongwith a copy of dissolution deed....

If it's a registered firm then you need to do the following
1. write a dissolution deed
2. give paper advertisement in minimum two local news papers
3. get it published in the official gazette 4.submit all these along with nil balance sheet to the registrar of firms
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