Conversion of proprietorship business in to HUf
This query is : Resolved
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Neha Agarwal
(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
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
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.
2. Can transfer capital assets from individual account to HUF account by way of gift or sell transfer.
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Neha Agarwal
(Querist)
13 March 2023
Thank u sir for your guidance
13 March 2023
You are welcome.
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