Dear Friends,
Now am a Proprietor of Mohan Enterprises and having one Crore business loan with AXIS Bank.
I am planning to close Mohan Enterprises and will join as a partner in new partnership entity.
In this case is it possible to transfer loan liability one Crore from MOHAN ENTERPRISES to new Partnership firm?.....
1 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 04 April 2021
No, Loan should be paid under which entity it has been taken
Recent Topics
- Bill TO SHIP TO INVOICE HSN
- LTCG for property sold and bought new
- E Waybill regarding
- LONG TERM CAPITAL GAIN TAX REG
- Key actions - businesses can take to adjust their
- GST Manpower services
- Top Digital Marketing Agency in Australia
- Bank deducted TDS at a higher rate and PAN is obta
- Holding Multiple PANs May Impose Penalties
- GSTR-9 2023-24
Related Threads
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
