Conversion of proprietorship to partnership
This query is : Resolved
02 August 2013
I HAve A PROPRIETORSHIP FIRM ESTABLISHED IN 02.03.2011, BUT THE DEEMED DATE IS 01.02.2008 SINCE I ESTABLISHED PRACTICE IN 2008 ITSELF. NOW IF THE SOLE PROPRIETORSHIP FIRM IS CONVERTED INTO A PARTNERSHIP FIRM WHAT WILL BE DATE FROM WHICH THE SENIORITY OF THE PARTNERSHIP FIRM WILL BE RECKONED?
(A) 02.03.2011
(B) 01.02.2008
(C) Date of conversion of proprietorship to partnership
Please help
(A) 02.03.2011
(B) 01.02.2008
(C) Date of conversion of proprietorship to partnership
Please help
02 August 2013
Hi
The date of partner ship will be consider, because you are conversing your entity in to an existing partnership firm. After conversion you becomes partner of the from the date of conversion.
In this case partner ship firm date will be considered.
The date of partner ship will be consider, because you are conversing your entity in to an existing partnership firm. After conversion you becomes partner of the from the date of conversion.
In this case partner ship firm date will be considered.
Message likes :
1 times
02 September 2013
None of the above dates will be applicable. It is be from the date of formation and registration of the partnership. It depends on you when you are forming the partnership by executing the deed of Partnership.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
Trending Online Classes
CAclubindia
