In a case where a form having two partners decided to retire one and admits new three partners. My doubt is regaqrding the date of reconstitution. Infact they want to re constitute with new partners from next Financial year, ie w.e. f 01-04-2023, however, th retiring partner to be settled with the accounts as on 31-03-2023. In this case which date is to be stated as the date of reconstitution 31-03-2023 or 01-04-2023.
Thanks in advance