Is it possible.
What's the procedure.
Firm of 2 partners and now 1 of them wants to Carry business as a proprietorship.?
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Partnership to Proprietorship
Replies (6)
yes it is possible
procedure?
proprietorship can be converted into partnership.. Not vice-a-versa.
sir..pehle aap confirm kr lijiye..
dono answers de rhe ho.
dono answers de rhe ho.
dissolve partnership firm and constitute proprietorship concern
pls note that in case PF is holding any immovable property or investment then it will trigger the CG tax liability in the hands of PF on dissolution.
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