Conversion of partnership firm into proprietorship
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 April 2016
Dear Experts,
Mr. X and y were partners now mr. Y has been retire from the firm however mr. X want to continue this business with out admission of new partners....query..1) weather this firm can be convert into proprietorship with out change the pan No. & CST No.
Regard
Sunil khurana
Mr. X and y were partners now mr. Y has been retire from the firm however mr. X want to continue this business with out admission of new partners....query..1) weather this firm can be convert into proprietorship with out change the pan No. & CST No.
Regard
Sunil khurana
12 April 2016
No
a partnership firm has to be compulsary dissolved, PAN to be surrendered after filing the return upto the date of dissolution, then the remaining owner can insert his personal PAN at all places, by applying as proprietor
a partnership firm has to be compulsary dissolved, PAN to be surrendered after filing the return upto the date of dissolution, then the remaining owner can insert his personal PAN at all places, by applying as proprietor
12 April 2016
There is no option to convert, Partnership firm, to proprietary concern. You have to dissolve firm, you have to apply new cat, PAN number of proprietor is to be used for proprietary.
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