Ram proprietor of ABCD Firm dies on 17/08/2019. After Ram's death his son Sonu became the proprietor of ABCD Firm by inheritance from 18/08/2019. All the assets and liabilities of Ram is transferred to Sonu.
Now Sonu will file Ram's Income Tax Return as legal representative.
Now my question is that whether in Ram's return nil balance sheet will be file as all the assets and liabilities of Ram was transferred to Sonu on 18/06/2019 and there was no assets and liabilities as on 31/03/20
CAclubindia
