Procedure for dissolution of firm

This query is : Resolved 

08 January 2014 Dear All,

What are the Procedures involved in Dissolution of Partnership Firm (Practically)?

Regards,
Jordan

08 January 2014 1. First you have to settle accounts. i.e. debtors, creditors & loans accounts need to settle first by way of clearing all entries. Then sale stock to consumer / partners.
2. Pay all taxes & file return.
3. Then surrender PAN /VAT /Service tax / Excise etc. number taken.
4. If partnership is registered under partnership act, then make application of surrender for the same also.

11 January 2014 Thanks for guiding me Riddhi.





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