Partnership

This query is : Resolved

santhosh (Querist)
Follow

01 April 2012 If two firms are amalgamating &forming new firm then whether revaluation a/c is prepared or not for closing books of accounts?

Vishal Sharma

Vishal Sharma (Expert)
Follow

03 April 2012 In case of amalgamation of parternship firms realisation a/c has been prepared instead of revaluation a/c.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
Follow

10 April 2012 When you are transferring the assets and liabilities of 2 firms in a new firm then all the assets and liabilities is to be revalued and transferred to the new firm. Here provision of Section 45(4) of income tax shall also be applicable

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SHUBHANGI GOEL

Hemkumar

Vinod Patil

CA Varun Gupta

Mahesh Balanthimugaru

Subscribe Now

Partnership

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

Accountant

GST CONSULTANCY

GST CONSULTANT

CA Final