Surrender/transfer of vat registration under sole-proprietor
This query is : Resolved
31 January 2012
I have a business whose sole-proprietor is my DAD (registered under Karnataka VAT). My DAD now wants me to run the same business independently. Can i transfer the business/sole-proprietorship to my name. What is the procedure involved. Kindly help, thank you.
31 January 2012
The business run as a sole proprietorship could be transferred to any person as SALE OF A RUNNING CONCERN. Such turnover shall be exempted as per rule 3(2)(g).
Please note that there shall be change in the TIN no. and a fresh registration shall be granted in your case.
For any further assistance you could mail to pc_chhajer@yahoo.com
Please note that there shall be change in the TIN no. and a fresh registration shall be granted in your case.
For any further assistance you could mail to pc_chhajer@yahoo.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
