Huf
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 February 2014
I have a sole proprietorship firm Can i change the proprietor of the from from an individual to a HUF and what will be the procedure.
08 February 2014
You cannot simply change the proprietor from individual to HUF. There should be some document and you can do it by way of an agreement in which the HUF will pay the capital of Individual and then HUF becomes the owner. Check the provisions of stamp duty which is payable on the value of the capital to the government. If possible get is registered if stamp duty is paid. You have ge the Municipal Licence or Trade licence also corrected amended by inserting the name of HUF.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
