Income-tax Act, 2025 · CHAPTER XVII — Special provisions relating to certain persons

Section 328Succession of one firm by another firm

Income-tax Act, 2025 (30 of 2025)

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 313.

This section refers to

§ 313 Succession to business or profession otherwise than on death

§ 327 Change in constitution of a firm