Rupesh Soni (Taxation Consultant & CA final student) (504 Points)
28 July 2015WHAT ARE FORMALITIES TO DISSOLVE PARTNERSHIP FIRM MY FIRM COMMENCE ON 01/04/2012 NOW I WANT TO DISSOLVE IT ON 01/08/2015 NOW WHAT R FORMALITIES TO SURRENDER PAN SUGGEST ME?
Rajagopalakrishnan R
(PARTNER)
(1422 Points)
Replied 28 July 2015
You can dissolve the firm by entering into a dissolution agreement amongst all the partners. However since the firm was live till31/7/15, you can surrender the PAN only after filing the income tax return of AY 16-17. However, you can intimate the ITO that you have stopped business as on31/7/15, but that is not mandatory
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