Tax Audit of partnership which dissolved during the year
This query is : Resolved
19 July 2011
Tax Audit of partnership which dissolved during the year and business taken over by partner as proprietorship firm....
Please help me how to proceed. Whether I need to prepare reports for two different periods.
Please help me how to proceed. Whether I need to prepare reports for two different periods.
19 July 2011
Yes. You need to prepare report for Partnership till the date of dissolution and for proprietorship from the date of take over upto 31st march.
19 July 2011
Yes need to prepare reports for two different periods.
And also need to file two itr one is in the of firm and second is in the name of personal
And also need to file two itr one is in the of firm and second is in the name of personal
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