Sir,
The query is relating to MVAT PTEC No.
If partners have PTEC no then is there a need for a CA Firm to get the no?
If a new partner is admitted then which entry no is to be selected Entry No 2 as in the capacity of a CA or Entry No 19 which state that all partners of the firm should get no?
Thanks in advance.
IN CASE OF PARTNERSHIP FIRM AT THAT TIME THERE IS NO NEED TO MAKE PTEC REGISTRATION OF THAT FIRM BECAUSE THE PT PAYMENT IS INDIVIDUAL LIABILITY OF PARTNERS OF THAT FIRM.
PTEC REGISTRATION IS NOT APPLICABLE TO PARTNERSHIP FIRM
PTEC IS TO THE PARTNERS ONLY AND NOT TO FIRM. HENCE THE ISSUE DOESNT ARISES OF PAYMENT OF PREC BY FIRM.
Eshwar & Co Chartered Accountants - Nungambakkam
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