Khushboo Maheshwari

"P" owns a proprietorship concern XYZ from past many years and is doing his business. Now he enters into partnership agreement with "S" and they form a partnership firm with same name XYZ in February 2017. P states that he has transferred all his assets and liabilities to the firm but that is not documented in the partnership agreement. Further the partnership agreement is not registered also. P and S hold 50:50 share in the partnership firm. The queries are as following:

1. Can a proprietorship and partnership have same name XYZ?

2. What are the consequences of non registration of partnership firm?

3. Although P says he has transferred his assets and liabilities but since they are not documented can we consider this deed valid?

4. Does transferring all assets and liabilities of proprietorship concern in partnership means dissolution of the Proprietorship concern (i.e. it cease to exist)??

5. Will the turnover of Proprietorship after its transfer / dissolution be treated as turnover of partnership from February 2017 legally?


rahul agrawal
23 April 2017 at 00:43

gst registration applicability

If a proprietor is non existing tax payer and his turnover exceeds 20 lakhs , is it compulsory for gst registration , if yes then how he will get provisional id and password.


Salahu Pulikkal
22 April 2017 at 22:15

Tally

While checking, noticed difference of amounts in Purchase register and Purchase account in Tally. Why that difference.?


Mrinal jain
22 April 2017 at 22:07

excess service tax paid

Dear Sir, How to take credit of excess service tax paid in previous half year in current half year? Please explain it where such amount needs to be mentioned in service tax return.


sai Krishna
22 April 2017 at 20:55

Ca final classes

I have cleared my Ipcc Grp 1 in may 2016 and started articles on 29 August 2016. Then I cleared my Ipcc grp 2 in Nov 2016.
Now when will be better to start my Ca Final Classes ?????
If my First Attempt is on May 2019.

And I registered as a Article, but till now I didn't register for Ca Final Exam!!!!
When can I register for that !!!!
If I want to give my attempt in may 2019


jitendra

I have a dealer who has taken registration under MVAT after 25th May 2016.He has taken VAT registration through an Advocate who has put his email Id as the registered email Id.and that consultant is not sharing any details with the client.
In the recent scenario,if u have taken registration after 25th may,2016 then u have to send email to resetpassword@mahavat.gov.in from your registered email Id mentioning all the details,in this case i don't have registered email Id and help desk persons are saying that we can send password only on registered email only.
Please tell me the solution for the above?


jaigurudev
22 April 2017 at 19:35

Lic payment

i have paid 20000 for lic on 31.3.2017 but cheque has been paid on 20.4.2017.please advice me in which year i have to show this amount for deduction fy 2016-2017 or fy 2017-2018


mohit vaidya
22 April 2017 at 16:16

Sec. 186 of co. act 2013

what is investment layer ? what is the meaning of maximum investment possible by 2 investment layer ? Please explain


Madhusudhan Reddy
22 April 2017 at 14:58

Deduction on FD made

If I made FDin the bank for 3years in current year.Total amount paid for FD can be claimed as deduction in the current year it self.Requesting u to brief deductions that can be claimed on fd & w hat about interest on fd when it taxable???


Kunal Shah
22 April 2017 at 12:47

Private Company Loan

Can Private company can accept loans from Private company ??





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