Partnership to proprietorship firm

Manish Tulsiani (Partner) (26 Points)

11 July 2016  

Hi

We have a partnership firm having 4 partners. Now, we all have agreed it to be converted into a proprietorship firm.

Currently we have

1. VAT number
2. PAN card
3. The firm is Registered
4. Income Tax Department

we have made the dissolution deed in which it is mentioned that all the assets and liabilities from some date belongs to one of the partners.

Now, what shall i have to do,

1. I want to continue with same VAT number, is it possible
2. Do i need to get a new PAN card or can i use same PAN card or Can i use my own PAN card.
3.  Do i need to intimate the registrar of firm.
4. Do i need to intimate or do anything regarding income tax as we use the partnership PAN while filing returns.

Any information will be helpful.

Regards
Manish