banner_ad

Pvt ltd co take over the partnership firm

This query is : Open 
Profile Image

Profile Image

(Querist)
28 December 2012 what are the tax effect will take into consider when private Ltd company take over the registered firm.
what are the section are relevant during and after taking over the firm in to private ltd company?
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
28 December 2012 At such point of time, apart from other -
.
Section 47(xiii) is very important section of the IT Act 1961 in such a case. It deals with certain conditions, if followed, there will be no transfer of capital assets from firm to the Pvt Ltd. Co.
.
For proportionate Depreciation , fourth Proviso to Section 32(1) may also be referred.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details