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problem in partnership firm's return filing

Tax queries 1188 views 3 replies

Dear All,

if  in a partnership a,b and c are partner c  due to age expiry c's deth was held on 8/12/09 and we

have to prepare income Tax return as on 31.03.2010 than what treatement will be suitable as per

income tax , is this firm's balance sheet will be in two part before deth and after deth if yes then

how will we furnish this return in ITR-5? please clearify deeply.

Replies (3)

No,

Only One IT Return to be Prepared.

 

& Only For Partnership act, There are Provsions to be made for death of partners.

 

there are no such provisions in IT act.

Ok Ayush ,

but i just want to know is it difference from ordinary fim's return or have handeled this types of case?

 

what treatment will be suitable for income tax return

purpose, which balance sheet will be shown in ITR-5 if

any person have any idea about it then please suggest

me urgently.


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