03 July 2010
Sir, I have a client ( Partnership Firm having 4 Partners) who has carried out Bar Business up to 30.06.2009 and Turnover is 47 Lakhs. On 1.7.2009 the business is transferred to another firm including Capital Accounts, all Assets & Liabilities.
Now the Question is When all the Assets & Liab. are transferred nothing is left in Balance Sheet. While filing Return of Income whether the Balance Sheet will be NIL.
The Partnership is not dissolved.
Please guide me for filing Return of Income The Balance Sheet prepared up to 30.06.2009 should be uploaded or the Balance Sheet will be NIL.
The Period of TAx Audit Report is for the period up to 31.03.2010?
CAclubindia
