Income tax implications on conversions
This query is : Resolved
08 November 2011
What are the income tax implications
1)proprietorship gets converted into a firm, where cap contribution is equal.
2)firm converts into co with same share holders holding shares in same proportion.
1)proprietorship gets converted into a firm, where cap contribution is equal.
2)firm converts into co with same share holders holding shares in same proportion.
14 November 2011
Deed is need to made and informed all the authorities having jurisdiction on you.
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