Menu
One partner death
Sir if one partner dies in a partnership firm then what should be done in GST (add new partners or close the firm or transfer the capital of that firm to another firm please
Replies (2)
Quick Summary
Depends on the partnership agreement.
Mostly there is a clause in case of death of partner. The most practical solution will be to add a partner and continue with the same registration rather than opening the new firm and doing everything all over again. But this is subject to partnership agreement.
Plz some suggestion for this matter
Recent Topics :
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
Related Topics :
CAclubindia
