28 September 2011
stamp duty is applicable on whole the consideration paid to the proprietor.
after the execution of sale deed, the new owner will get the following done in sequence.
change of ownership 1) trade licence 2) Bank accounts 3) Profession tax 4) any other registration where the PAN is not used
the old owner will cancel/ surrender all PAN based registrations, and at the same time the new owner will seek registration with new PAN number. for statuary change the trade licence is needed to be changed at 1st stage and copies circulated to every respective department where the changed registration is applied, change in registration is sought.
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