Income Tax Department

Ministry of Finance, Government of India

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Section 328

Succession of one firm by another firm

Section

Section Number

328

Chapter

CHAPTER XVII - Special provisions relating to certain persons

Act

Income-tax Act, 2025

Year

2026

Succession of one firm by another firm

Succession of one firm by another firm.

328. 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.

Footnotes