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Conversion of proprietorship business in to HUf

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(Querist)
13 March 2023 Respected members,

Can I convert my proprietorship business in to HUf? What are the process steps? Should I need to obtain a different trade licence?

Please Guide
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
13 March 2023 1. Need to obtain all the licenses &/or registrations like trade license, GST, PT etc. in the name of HUF.
2. Can transfer capital assets from individual account to HUF account by way of gift or sell transfer.
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Neha Agarwal

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Neha Agarwal (Querist)
13 March 2023 Thank u sir for your guidance
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
13 March 2023 You are welcome.
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