ASHISH NAHATA (ARTICLE ASSISTANT) (32 Points)
31 August 2012ours is a partnership firm with 3 partners.It is a 25 yr old firm. for the last seven yrs no books are maintained and no tax has been paid.we have a PAN no and intend to dissolve the firm and start afresh.how to do the same and escape from IT act, help.
shivani
(consultant)
(122 Points)
Replied 31 August 2012
We can throw light on this, let your senior people can approach-proivde your contact details-email/telno
Member
(Management)
(325 Points)
Replied 02 September 2012
Does the firm have any immovable assets in its name? If so, there would be capital gains tax liability. Take the advice of a tax consultant.
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