new setup in same name as UNIT - II
This query is : Resolved
03 October 2007
we want to querry that , we are having one partnership unit and we want to setup a Unit-II in same name and same partnership structure.
Will these two units be assesed as one unit in income tax and all depriciation ,Fringe benefit Tax and exemptions will be calculated for combined entity .
Will these two units be assesed as one unit in income tax and all depriciation ,Fringe benefit Tax and exemptions will be calculated for combined entity .
03 October 2007
Yes, both will be assessed under a single PAN but if excise registration is required then you have to register both the units separately
03 October 2007
thank you
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