Account
This query is : Resolved
27 August 2011
i am working in a company i.e. Info Care India Pvt. Ltd.. but it's incorporated date is 15/06/2010. it was a partnership firm before registering as pvt. ltd. company. my question is that can i transferred all the assets and liabilities to pvt. ltd. company as taken.
CA Ayush Agarwal
(Expert)
27 August 2011
Yes,,,,But Fullfill some conditions of income tax act.so that u get exempted transfer
03 September 2011
what would be the treatment of partner's capital a/c if books of partnership firm are carried same in pvt. ltd. company.
mohamed ziaudeen
(Expert)
04 September 2011
Partners' capital account will become share capital account in Pvt Ltd
First you have to close the partnership firm's book.
First you have to close the partnership firm's book.
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