Stock transfer to another firm
This query is : Resolved
Ganesh Dutt Joshi
(Querist)
04 March 2014
Sir actually i have open a new HUF firm and i am karta of my HUF, Further I have allready propreiter of another firm now i want close my proprietership firm and transfer all stock and capital into my HUF firm.
What procedure and provisons i should follow for do that.
Thanks
What procedure and provisons i should follow for do that.
Thanks
Ganesh Dutt Joshi
(Querist)
04 March 2014
Please help me its urgent
CA Hardik Bunha
(Expert)
04 March 2014
hi friend,
you can easily transfer your stock to HUF.
No taxability for HUF because it is covered u/s 56(2)(vii) as member gives to HUF (Relative)
No taxability for your personal firm
(Consideration is missing here, so)
you can easily transfer your stock to HUF.
No taxability for HUF because it is covered u/s 56(2)(vii) as member gives to HUF (Relative)
No taxability for your personal firm
(Consideration is missing here, so)
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