While Converting Propritership into partnership firm is Propriter liable to act as a partner in that partnership firm??
Menu
Conversion of Propritership into partnership firm
Replies (1)
Yes Properitor is liable to be partner in partnership otherwise it will be treated as transfer and capital gain or loss will be further applicable.
Further if properitor will not be in partnership than brought forward loss or unabsorbed loss will not be carried forward for that business.
Recent Topics :
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
Related Topics :
CAclubindia
