Account

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27 August 2011 i am working in a company i.e. Info Care India Pvt. Ltd.. but it's incorporated date is 15/06/2010. it was a partnership firm before registering as pvt. ltd. company. my question is that can i transferred all the assets and liabilities to pvt. ltd. company as taken.

27 August 2011 Yes,,,,But Fullfill some conditions of income tax act.so that u get exempted transfer

03 September 2011 what would be the treatment of partner's capital a/c if books of partnership firm are carried same in pvt. ltd. company.


04 September 2011 Partners' capital account will become share capital account in Pvt Ltd
First you have to close the partnership firm's book.



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