HI FRIENDS
MY QUERRY : - Is dissolution of firm necessary at the time of succession of the firm ?
Please give any judgement etc. in favour of this, i'll gr8 to all of .u
Thx and Regards
Ajay Jain
Menu
DISSOLUTION OF FIRM - URGENT
Replies (6)
no it is not required under the partnership Act
When you say succession of firm , you noramally mean entire assets and liabliies of the firm as a going concern has been taken over . IN this sense , a take over deed is sufficient and there is no need of dissolution of firm at that point of time . However , later on you may decide to dissolve ........
Other mode is dissolution of the firm and succession ......
IT depends
Thx Sampat Sir
can u refer any judgement in respect of this querry ?
thx and regards
Ajay Jain
Kindly read judgement 2004(269)ITR322
ITS SAYING THERE IS AUTUMATIC DISSOLUTION OF THE FIRM AT THE TIME OF SUCCESSION
Thx Sampat & Suresh Sir
can u refer any judgement in respect of this querry ?
Kindly read judgement 2004(269)ITR322
ITS SAYING THERE IS AUTUMATIC DISSOLUTION OF THE FIRM AT THE TIME OF SUCCESSION
thx and regards
Ajay Jain
can u refer any judgement in respect of this querry ?
Kindly read judgement 2004(269)ITR322
ITS SAYING THERE IS AUTUMATIC DISSOLUTION OF THE FIRM AT THE TIME OF SUCCESSION
thx and regards
Ajay Jain
You see there are two different things .......sucession of business of the firm as a going concern and succession of the firm itself . If the firm itself is succeeded , the old firm does not remain .
Recent Topics :
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
Related Topics :
CAclubindia
