transfer of proprietor
This query is : Resolved
03 April 2009
dear all
one of our client had died last month. he was a proprietor. vat no. is issued on his name and till a.y. 208-09 the income tax has been filed on his name?
now what sould be done ?
will a letter to that effect suffice?
one of our client had died last month. he was a proprietor. vat no. is issued on his name and till a.y. 208-09 the income tax has been filed on his name?
now what sould be done ?
will a letter to that effect suffice?
04 April 2009
VAT
Firts check whether the vat is issued in individual name or in company name.
If in company name, then along with the death certificate and legal heir certificane you have to submit to the vat deparment for sucession.
If vat certificate is in individual name then you have to surrender the certificane with a copy of death certificate.
With regard to income tax you have file the returns until his properties if any is tranfered to his kinds. The return will be called as ESTATE of mr x.
After exhausting all the assets and liabilities you have to get tax clearance certificate from the officer and ask for cancellation of pan number alloted to them.
Firts check whether the vat is issued in individual name or in company name.
If in company name, then along with the death certificate and legal heir certificane you have to submit to the vat deparment for sucession.
If vat certificate is in individual name then you have to surrender the certificane with a copy of death certificate.
With regard to income tax you have file the returns until his properties if any is tranfered to his kinds. The return will be called as ESTATE of mr x.
After exhausting all the assets and liabilities you have to get tax clearance certificate from the officer and ask for cancellation of pan number alloted to them.
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
- GST Regis.
- Inventory of finished goods
- Applicability of Ind As to associate of associate
- Confusion around Form 26QB fields
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Sale of property furniture sale
- Disallowance of Section 43B(h) to sez units
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Bogus purchase treatment for it act gst dealer
- Gst input for FY 23-24
- Company registration : Rental agreement or NOC?
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- 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
