The Income-tax Act, 2025

Section 328 Succession of one firm by another firm

Chapter: XVII · Special Provisions Relating to Certain Persons
Part: 15.—Change in constitution, succession and dissolution

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.