Proprietorship into partnership firm
This query is : Resolved
13 December 2012
Can anybody help me in the above subject.
if one company having a proprietorship from last few yaers now proprietor want to convert it into the partnership firm. is it compalsory to take a new pan number of partnership firm. & if yes, then service tax number also will be change. please clarify.
if one company having a proprietorship from last few yaers now proprietor want to convert it into the partnership firm. is it compalsory to take a new pan number of partnership firm. & if yes, then service tax number also will be change. please clarify.
14 December 2012
Dear Chetan,
In respect to your query,
if one is changing from proprietor to company then from the income tax perview it will creat NEW IDENTITY/PEROSN (in your case its company)
so new pancard has to be applied for company.
Regarding Service Tax if the condition of exceeding turnover of Rs. 10,00,000 in the previous year, then yes company has to pay for service tax also.
I hope it will clear your doubts.
In respect to your query,
if one is changing from proprietor to company then from the income tax perview it will creat NEW IDENTITY/PEROSN (in your case its company)
so new pancard has to be applied for company.
Regarding Service Tax if the condition of exceeding turnover of Rs. 10,00,000 in the previous year, then yes company has to pay for service tax also.
I hope it will clear your doubts.
Message likes :
1 times
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 Aadhar PAN linking required for opening bank account?
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- Gst Sales of FY 2023-24
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
