LLP AND PARTNERSHIP FIRM

[ASHOK CHOUDHARY]

In case of conversion of a partnership firm into Limited Liability Partnership (LLP), is a new PAN required to be obtained for LLP or the same PAN of partnership firm will continue to apply? Similarly, in such a case, is a new TAN/ Service Tax/ PF required to be obtained for LLP or the same numbers of the partnership firm will continue to apply?


2) It appears that partnership firm will cease to exist on the date of conversion and LLP will take over- So in case of Partnership firm whether Dissolution deed is required to be entered.

AI Summary

Converting Partnership to LLP: New PAN, TAN, Service Tax, and PF Numbers Required; Prepare Dissolution Deed for Partnership. In the discussion forum, a user inquired about the tax implications and procedural requirements when converting a partnership firm into a Limited Liability Partnership (LLP). Specifically, they asked whether a new PAN, TAN, Service Tax, and PF numbers are needed for the LLP or if the existing ones from the partnership can be used. The response clarified that a new PAN and other statutory registrations are required for the LLP. Additionally, it was advised that a dissolution deed should be prepared for the partnership firm, as it will cease to exist upon conversion.