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Take over of business

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 March 2012 hi,

i have steel trading business in karnataka.

my brother is looking after it. now i am shifting to karnatak and want my do business on my own.

Tin no is on his name.

kindly tell me how to take over the business
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CA. Hari Kishan

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CA. Hari Kishan (Expert)
06 March 2012 You shall have to purchase the business as a SALE OF RUNNING CONCERN.. however you shall be required to take a new TIN no. for the same.

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