Section 328 — Succession of one firm by another firm
Old Act equivalent: Section 44ADA of IT Act 1961 Sub-part: Profits and Gains of Business or Profession — Computation Rules
Statutory Text
- Where a firm carrying on a business or profession is succeeded by another
firm, except in a case covered by section 327, separate assessments shall be made on the predecessor firm and the successor firm as per the provisions of section
Joint and several liability of partners for tax payable by firm.
Provisos
None.
Explanations
None.
Tables
None.
Cross-References
To be updated.
Notes
- Verification status: pending
- Auto-generated from IT Act 2025 PDF on 2026-04-13