Can Partnership firm can covert to sole propertiership
This query is : Resolved
28 January 2021
Dear sir,
In the event one partner voluntary discontinuous from business and existing partner not get new partner in the firm. in such case can partnership firm convert to sole properties ship.
What is the impact on existing Firm pan card.
Please advise
In the event one partner voluntary discontinuous from business and existing partner not get new partner in the firm. in such case can partnership firm convert to sole properties ship.
What is the impact on existing Firm pan card.
Please advise
28 January 2021
Firm PAN card has to be surrendered. Existing partner has to take over the business and run it in his PAN.
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