New propreitrix to sole proprietor concern
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 February 2012
One of My client running the sole proprietary concern for manufacture of pharmacy item, she decide to transfer the concern to brother's wife. But there is no consideration between them. My requirement is what procedure to be follow to change of proprietor by legally. What are provision applicable in Income Tax Act. - Vijayakanth
03 April 2012
Let her make a Gift deed and in that she should incorporate the other terms and conditions such as transfer of ownership right
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
- SEC 54 OF IT ACT
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Is Aadhar PAN linking required for opening bank account?
- Form 26QB for TDS on property
- Residential status for filling income tax returns in India
- Whether still royalty
- BLOCKED-INELIGIBLE GST CREDIT
- Amendment of September 2021 Invoice
- Partnership Business Can start India (two partners one is Indian and OCI both are wife and Husband)
- Appeals vs Writ court -certain doubt
- Withholding tax applicabikity for foreign paymenttowqards physio therapy treatment
- Input credit reversal for the FY2023-24
- Regarding Form 15CA & CB
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
