u/Anonymous_Evil_69 — reddlx

▲ 4 r/Zoho+1 crossposts

Need CA advice on this Business Transfer Agreement (Proprietorship to Partnership) - ITC and Slump Sale Implications

Hi everyone, I am transitioning my sole proprietorship (an e-commerce D2C brand) into a partnership firm. I am drafting a Business Transfer Agreement (BTA) to transfer the business as a going concern to the new partnership.

I don't have a CA right now because I am running very low on funds and trying to bootstrap this transition. I would really appreciate some expert eyes on a couple of specific clauses before I proceed.

My main questions:

Regarding Clause 3: Does a specific monetary value need to be written here for Section 50B (Slump Sale) tax purposes, or is simply stating it will be booked as a "capital contribution" enough?
Regarding Clause 5: Are there any practical hurdles or specific compliance checks I need to worry about when transferring the GST ITC via Form GST ITC-02 from my proprietorship to the new partnership?
Stamp Duty: What value stamp paper should this agreement be printed on (the business is located in Rajasthan)? Does stamp duty depend on the value of the assets transferred in a BTA?

Here is the draft:

https://docs.google.com/document/d/1J3ClyxLeu1eqfZ1wiv--HIxofJoGRaSEZFWOErLFElQ/edit?usp=sharing

u/Anonymous_Evil_69 — 5 days ago

▲ 3 r/Zoho

[PAID - ₹500-1000] Need help fixing a Zoho Books balance sheet issue - small D2C brand, India

Hey everyone! I run a small women's ethnic wear brand called Pehrae (Jaipur, India). We're on Zoho Books (India edition, GST registered) and I've found a bookkeeping issue I need help cleaning up. Happy to pay ₹500-1000 - the actual fix shouldn't take long for someone who knows Zoho.

The problem:

There's a ₹1,34,181 entry sitting in "Opening Balance Adjustments" on our balance sheet, classified as a liability. I never manually entered this - Zoho auto-generated it. We don't owe this to anyone, so it's wrong.

We have two founders and separate Owner's Contribution equity accounts for each (₹63,955 and ₹67,009) tracking what we've personally put into the business. These need to stay intact.

Why it matters urgently: we're mid-conversion from sole proprietorship to a registered partnership firm, so the capital accounts need to be accurate before we set up the new entity's opening balances.

What I need:

- Someone who knows Zoho Books India well

- Can figure out the right way to fix this correctly

- Ideally a quick review of the overall balance sheet too

- Comfortable discussing via chat (WhatsApp/DM fine)

Drop a comment or DM if you can help. Thanks!

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u/Anonymous_Evil_69 — 12 days ago

▲ 2 r/jaipur

Can any CA or someone help me with Partnership Registration with registrar.

First of all hello and thank you to anyone who will help or tried to help.

Context: I have prepared the partnership deed and got it notarized but I want to also register it with registrar but Idk how to do it.

I checked a video on YouTube it said I can do it using SSO online. I tried it but when I got on sso it said it can't be done here you need to do it on rajnivesh.

Then I checked on that website but I couldn't understand anything. So someone please help me and tell me how can I get our partnership registered with registrar.

I'm sorry for poor English or Grammar mistakes...

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u/Anonymous_Evil_69 — 30 days ago