Company converted into llp

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Querist : Anonymous

Querist : Anonymous (Querist)

07 January 2016 If a company has been converted into LLP in the middle of the year then whether 2 ITRs need to be filed for that Financial Year, i.e. one for the company from 1st April to the date of conversion & another for LLP from the date of conversion upto 31st March.

Deepti Asawa

Deepti Asawa (Expert)
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07 January 2016 Yes, 2 ITR should be filed one for company status and one for LLP status

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CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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07 January 2016 Yes. Two ITR are required to be filed by the two different assessees.

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Querist : Anonymous

Querist : Anonymous (Querist)

07 January 2016 Thank you so much Deepti Ma'am & Paras Sir. I have one more questions. The company (which is now converted into LLP) has pending assessments, will those assessments will be transferred to LLP's PAN ?

Deepti Asawa

Deepti Asawa (Expert)
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07 January 2016 I think No

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