Mr CK a higly performing busness man doing Trading in name of
proprietership firm, did avg 2 to 3 cr Turnover last 3 yars.
he also formed a pvt ltd co (manufacturing)operational for last 2 yaer but having low turnover of 25-30 lacs.
He is seeking advice to merge properitor & pvt ltd co. to have a big p &l, B/s
Is it possible to merge properitiorshp(trading) & Pvt Ltd.(manufactoring)
what about tax assessment of previous year.
how the lending banker will view this ?
please suggest
CAclubindia
