A proprietorship does not have any separate legal status than that of its individual proprietor. As there are no formal requirements for starting a proprietorship, there are no formal requirements for closing it as well.
A partnership is created by an agreement between partners. Generally, the terms of a partnership is 'at will' or for a particular purpose or period.
A Defunct company can be closed by an application to Registrar and operational Companies can be wound up either by Voluntary Liquidation Process or Winding Up by Tribunal.
A defunct LLP refers to an LLP that has never started business or is not carrying any business for the immediate past one year and has no assets and liabilities. A defunct LLP can make an application to the Registrar with the consent of all partners ..
Income Tax Rates for Financial Year 2018-19 (Assessment Year 2019-20)