Partnership firm- how to close.

This query is : Resolved

GANGADHARA RAO (Querist)
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04 December 2018 Sir, please advise me, one of my client established a partnership firm in August-2018 and doing business up to October-2018 and turnover is 2 crores plus, due to their's some personnel problems they have decided to divide and close the firm, what is process to close the firm, please....

Nikhil Kaushik

Nikhil Kaushik (Expert)
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04 December 2018 refer this https://cleartax.in/s/partnership-firm-dissolution

also refer section 176 of the Income-tax act for the taxation of the income earned during this period.