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Transfer proprietorship into a new pvt. ltd.

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(Querist)
02 March 2009 What is the procedure of tranfer from a propritorship firm into a new pvt. ltd. ?

What will be consequeance of a assesse of a proprietorship firm after conversion as per income tax ?
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
01 April 2009 Just open a new company and now compnay will take over the propritorship concern.
No adverse consequenses.

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