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Conversion of Partnership Firm to a Pvt. Ltd. company
Please suggest me various steps for the conversion of existing partnership firm to a private limited company. Also tell me what will be the implication of such conversion where the partnership firm is availing deduction u/s 80-IB? Will it be available after conversion to company also? Please also tell me other implications of such conversion with respect to different acts.
Replies (2)
You can convert under sucession as per Income tax act were in all the benefits are availbale
Hi,
Pls suggest me we have a business last 4years maintaing by 2 partners, and this fy we convert the Private limited co so here no changes happen (like same 2 Partners are 2 directors) here pls clarify we need past partnership record also means while after converting pvt. ltd. how do we show the partnership accoounts in pvt ltd co,
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