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Tax implication

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Querist : Anonymous (Querist)
05 December 2012 Suppose in a proprietorship firm. Company’s director wants to convert proprietorship to private limited co then what would be the tax implication?
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CA. Subhash Dangi

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CA. Subhash Dangi (Expert)
05 December 2012 No impact as far as VAT provisions are concerned since the status or type of assessee only changed.

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