takeover of proprietorship firm by company
This query is : Resolved
29 August 2008
wot would be tax consequences and procedural formalities for takeover of proprietorship firm by company as going concern basis
any checklist pls forward and thanks a lot for the same also.
any checklist pls forward and thanks a lot for the same also.
Guest
Guest
(Expert)
09 October 2009
Capital gan tax would be applicable. Moreover stamp duty should be paid for Immovable property.
Pass the resolution & allot the shares or give cash to propreitorship owner.
No other formality
Pass the resolution & allot the shares or give cash to propreitorship owner.
No other formality
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