Change in ownershp
Querist : Anonymous
What procedure should he follow, to tranfer ownership to his sons?
Also from tax planning point of view, is partnership beneficial or Proprietership or LLP?
Pl guide and let me know the process as well,
Bu he can convert Proprietorship to LLP/Partnership/Company.
and then can retied.
From tax point of view proprietorship is most beneficial.
but it will not work in your case.
Querist : Anonymous
so should we show it as sale of business from Mr A to his SOn X and then work out Consideration and transfer of assets and liabilities ,
Pl guide me on the procedure ahead
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