Dear Sir/Madam,
one of the my claint is running partnership business (2partners ) now one of the partner expired now how can we run business .can we change property concern is it possible kindly advise us
6 Replies
Neelam Chawla
(40 Points)
Replied 16 August 2018
if you are registered in GST then you have to cancel your registration and take another registration for proprietorship business
mohan
(Tax Consultant )
(181 Points)
Replied 16 August 2018
ok sir thanks for your valuable information. can u give full details of process . partnership pan card n other things how Sir
Neelam Chawla
(40 Points)
Replied 16 August 2018
for income tax you have to surrender your pan to you jurisdictional Assessing Officer because he has the sole right to close your pan
mohan
(Tax Consultant )
(181 Points)
Replied 16 August 2018
ok sir now he can surrender PAN No to IT DEPOT after that he can trf partnership assets to his individual n add activity in his GST correct ah sir pls advice
Neelam Chawla
(40 Points)
Replied 16 August 2018
for died partner his share will be transferred to his legal heir and for other partner he can use his share in his proprietary business
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