Taxation of partnership firms

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I with my friend did a parnership deed on August 2010 and then he went on doing a job and I continued the business ( website development / software development ).

Also we had a PAN card made in name of the Firm and Now we need to open a bank account in name of our Firm, but we have never paid any taxes nor service nor personal. But now we want to start a fresh and we don't know anything about taxation and it's legal aspects.

So what should we do now as such everything becomes legitmate ?

Please guide.

Replies (2)

Nothing Much Legtimate..

Just File Your IT Return Online of Year 2010-11 & 2011-12.

File Electronically. Without Any Penalty.

& Continue Your Business.

It will now be treated as proprieotrship nothing else convert it in proprietorship...

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