Pradeep Budhiraja (VAT/Sale Tax Consultant) (27 Points)
11 November 2011hi friends,
please let me know how a proprietor can be replaced by another person? wheather it is blood relation or not?
-- How is to be done in the simplest way?
-- what is legal procedure or formalities in Delhi VAT department?
-- what is the provision in Income Tax?
-- what are the other fomalities?
Pradeep Budhiraja
Mobile # 9810447090
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 12 November 2011
it should be sold by court sale deed on payment of stamp duty to the buyer, and with the sale deed instrument he will get title changed in his name.
Shridhi Jain
(Company Secretary)
(1678 Points)
Replied 19 March 2012
Can anybody pls provide me the sale deed for change of proprietor in proprietorship firm?
Its urgent. Pls provide me the format.
monty
(EMPLOYER)
(36 Points)
Replied 23 December 2016
Can anybody pls provide me the sale deed for change of proprietor in proprietorship firm? Its urgent. Pls provide me the format.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 25 December 2016
visit any lawyer, its transfer of property, and would be excecuted under the respective state's stamp duty regulations
however in case of relations (as defined under gift tax of income tax), the owner can make a gift deed under consultation with lawyer, stating his capital involment in the proprietorship firm
CAclubindia
