Conversion of Propritership into Partnership Firm
This query is : Resolved
29 August 2009
There is one sole Propritership which is being converted into partnership there was some stock in hand at the time of conversion what is the treatment of stock
will it attract Vat,or it will be regarded as Introduction of capital
CAN U PLEASE GIVE ME SOME REFERENCE OF SECTION
will it attract Vat,or it will be regarded as Introduction of capital
CAN U PLEASE GIVE ME SOME REFERENCE OF SECTION
30 August 2009
Stock will be regarded as capital introduction and vat will not be applicable.
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