I have been engaged proprietorship business (Works Contract). IT returns filled on the status of Proprietorship up to 31.03.2008. We have entered Partnership w.e.f. 01/04/2008 there is no change in the Name of organization. And again the firm converted in to PVT LTD company with other Name (as per Company law PART IX conversion). In this case
We have taken PAN & TAN on Firm name, but the PAN & TAN was allotted on 02/06/2008. So in the April month TDS amount (which deducted from sub contractors) paid on 06.05.08 to Govt. on the Proprietor ship TAN (only one month) due to delay of new TAN and next preceding months paid on the Firm TAN and eTDS returns filed 1Quater for April month on the proprietorship TAN and next two month on Firm TAN
The firm converted in to company from 15.09.2008.
Now I want to clarify following things
1) how can I file the IT returns ( up to april 30 – proprietorship, from 1 may to 15 september – Firm, from September 16 – company) or
2) can I file the total year on the name of Company, if yes
3) how can I issue the TDS certificates, which TDS Paid in the Proprietorship, Firm
4) explain the Firm closing procedure (i.e. ware we will surrender the TAN, PAN and with in how many days we will be surrendered )
5) if any posibility for refund please explain the proceedures
6) if required seperate returns, i want to combained Turnover for bank purpose, any procedure for combained the Turnover pl. explain
Please explain the all things in detailed. I think it is very rare case. ( I was discussed with auditors, they were not justified)
It is Very urgent I am waiting for your vary valuable information
10 October 2008
1) how can I file the IT returns ( up to april 30 – proprietorship, from 1 may to 15 september – Firm, from September 16 – company)
Ans: If the proprietoship became partnership on 1-4-2008, where is the question of filing return for prop upto 30th April? Upto 14th Sept firm and thereafter company. 2) can I file the total year on the name of Company, if yes Ans: NO
3) how can I issue the TDS certificates, which TDS Paid in the Proprietorship, Firm Ans: as the answer is no, it doesn't arise. 4) explain the Firm closing procedure (i.e. ware we will surrender the TAN, PAN and with in how many days we will be surrendered) Ans: Yes surrender PAN, TAN etc. as soon as you close.
5) if any posibility for refund please explain the proceedures. Ans: What refund?
6) if required seperate returns, i want to combained Turnover for bank purpose, any procedure for combained the Turnover pl. explain. There can't be a combined turnover as the status are different.
CAclubindia
