Question ID :
41097
CONVERSION OF PROPRIETORSHIP INTO PARTNERSHIP OR MERGE BOTH PROPRIETORSHIP FIRMS
Thank You CA Chunauti dholakia for you answer (ID :81181 dated 07/07/2021 for question ID: 41091) I have another question that If 2017 firm become partner without dissolving proprietorship concern can he/she continue to accept tax audits in his/her proprietorship concern? or after constituting partnership firm all work has to be done through partnership concern? By having proprietorship along with partnership firm will it be affect negatively for partnership in having tenders of govt. projects? should I merge my proprietorship after creating partnership?
Posted by
JYOTI MAHAJAN
on
Jul 14, 2021
Filed Under
MERGER & ACQUISITION
Whether it is a firm or Individual/Proprietary No restrictions on conducting Tax Audit but number of Audits should not exceed limit fixed by ICAI firm and proprietary concerns combined together
Posted by
Hari Beldona on
Aug 24, 2021