Merger of Properitry firm with Pvt Ltd Co

RAVI (INVESTMENT ADVISOR) (152 Points)

13 January 2010  

Mr  CK a higly performing busness man doing Trading in name of

proprietership firm, did avg 2 to 3 cr Turnover last 3 yars.

he also formed a pvt ltd co (manufacturing)operational for last 2 yaer but having low turnover of 25-30 lacs.

He is seeking advice to merge properitor & pvt ltd co. to have a big p &l, B/s

Is it possible to merge properitiorshp(trading) & Pvt Ltd.(manufactoring)

what about tax assessment of previous year.

how the lending banker will view this ?

please suggest