Change of owner ship in proprietor firm

hi 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

Replies (4)

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.

Can anybody pls provide me the sale deed for change of proprietor in proprietorship firm?

Its urgent. Pls provide me the format.

Can anybody pls provide me the sale deed for change of proprietor in proprietorship firm? Its urgent. Pls provide me the format. 

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 

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