Hello,
In case of conversion of Partnership firm into Private Limited Company, which provisions are applicable??
Do I have to file Income Tax return of Firm as well as Company both, or just for Company?
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Conversion of firm into company
Replies (1)
Hello,
Sections 565 to 581 of the Companies Act, 1956.
Section 47(iii), 47(xiv), 47A(3) & 72A(6) of the Income Tax Act, 1961.
You have to file returns for both separately for the periods prior conversion(firm) and after conversion(company).
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