Death of propreitor after the end of F.Y.
This query is : Resolved
17 September 2009
what type of reporting shall be required if the propreitor dies after the end of F.Y. but is replaced by other person.Whether it shall be treated as affecting the going concern or as an extraordinary item or just a note reqd.
17 September 2009
Yes it is affecting the going concern and the leagal successor is liable to pay taxes on behalf of the deceased
17 September 2009
the death of proprietor need not be disclosed any where.
however sign will be made by legal heir disclosing his status
vibcondelhi@indiatimes.com
9811274429
however sign will be made by legal heir disclosing his status
vibcondelhi@indiatimes.com
9811274429
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