Formalities for closure of partnership firm for income tax purposes .

[mmg...@gmail.com]

Dear All , A partnership firm has stopped its operations and will be closing down . What are the formalities that need to be followed especially under the Income Tax Act ? Is it sufficient to just intimate in writing to the concerned ITO or are there any other specific steps to be taken ?
Thanks in advance for your help ,

CA M Ghose
Sent on my BlackBerry® from Vodafone

[DEBAYAN PATRA]

Sir,

Before intimating to anyone, please prepare a

Dissolution deed and intimate all concerned

authorities whether Income Tax or Service Tax

or WB Commercial Taxes, etc along with a

copy of the Dissolution Deed.

Regards,

CA. DEBAYAN PATRA

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