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Do we need to change pan for conversion from partnership firm to llp
In case if Registered Partnership firm is converted to LLP, do we need to apply for New PAN..?? and
Will there be any Capital Gain Applicable on the transaction of Conversion
Replies (1)
No capital gain u/s 47 on such transaction. LLP is distinct new legal entity, different from the Partnership Firm. The new LLP will require PAN
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