Rohit Bhatia (Accounts Service) (331 Points)
26 November 2017
RAJA P M
("Do the Right Thing...!!!")
(127580 Points)
Replied 26 November 2017
Divakar
(Student CA Final )
(11857 Points)
Replied 26 November 2017
RAJA P M
("Do the Right Thing...!!!")
(127580 Points)
Replied 26 November 2017
RAJA P M
("Do the Right Thing...!!!")
(127580 Points)
Replied 26 November 2017
Divakar
(Student CA Final )
(11857 Points)
Replied 26 November 2017
CA Anuj Goenka
(2 Points)
Replied 30 November 2018
Yes, You can transfer partnership to proprietorship.
Basis Schedule II of the GST act, clause 4 (c) read with its proviso; you will not be liable to pay tax on such transfer.
Also the credit if any from old business can be taken in the new business.
"Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
