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Urgent query

14 June 2013

I WANT TO CONVERT THE PROPRIETORSHIP FIRM TO PARTNERSHIP AND AS WELL AS NAME OF THE FIRM.....TELL ME THE WHOLE PROCEDURE ??

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@sh jais (live the life otherwise life leaves u.....) (1539 Points)
Replied 14 June 2013

u have to prepare partnership deead first of all in the new name of the firm than trade licence and u have apply for pan card for firm and get changed all documentry evidence in the name of firm whic belong to proprietorship firm... for tax point of view all the assets and liablities of firm should be transfer to the firm and that continue for 5 years...