Partnership

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Yogeesha P (Querist)
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20 August 2014 Dear sir/madam, Can capitalize the assets purchased before the commencement of partnership deed which were in the name of partners.

CA UMESH DULAL (Expert)
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20 August 2014 you can transfer the assets in the name of partnership and fair value of such assets can be taken as capital contribution of partners.

CA UMESH DULAL (Expert)
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20 August 2014 you can transfer the assets in the name of partnership and fair value of such assets can be taken as capital contribution of partners.

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Rupesh Jain (Expert)
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21 August 2014 YES partner assest tfr to partner ship firm and take the assets amount as capital of partners.

Rupesh Jain (Expert)
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21 August 2014 YES partner assest tfr to partner ship firm and take the assets amount as capital of partners.

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