Form 18 has to be submitted to Regional Office of ICAI in respect of change from proprietorship concernof CA to partnership firm(bearing same name)w/I 30 days. My query is whether copy of partnership deed is compulsory to be forwarded. Nonetheless wht is the tax treatment of assets belonging to proprietor which he was running in his own proprietorship firm. New Pan has to be applied for in the name of the new partnersip firm as individual name of proprietor now does holds just for himself. Whether a family run proprietor adds the person from his family as partner making it as partnership firm requires partnership deed for the tax purpose or for ICAI submission purpose.
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