Partnership firm
ravi (n/a) (94 Points)
03 December 2015ravi (n/a) (94 Points)
03 December 2015
Nikhil Mishra
(student)
(45 Points)
Replied 03 December 2015
ravi
(n/a)
(94 Points)
Replied 03 December 2015
Does it mean that they have to again apply for a fresh PAN car, TAN no, and do all such needful things like it is a new firm?
Karthik.V.Kulkarni
(Chartered Accountant)
(594 Points)
Replied 04 December 2015
There is not a dissolution of partnership but just reconstiution of partnership . The cases where there is reconstitution of partnership there are certain restrictions in income tax as to carryforward of lossess and all , There is no need to apply for fresh pan or tan .
CA Chandra Prakash
(9873059766 Increasing knowledge through sharing)
(296 Points)
Replied 04 December 2015
Whether partnership will dissolve or reconstituted, it will depend upon the language of the original deed, wheter deed deal with death or remain silent.
If it is silent it will amount to dissolution or vice- versa . If it provide firm remain continue then it is a reconstitution.
However in case of two partners it will amount to dissolution in both cases.
Nikhil Mishra
(student)
(45 Points)
Replied 04 December 2015
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