Transfer of proprietory business from "father to son"
Querist : Anonymous
What documents are required (from Income-tax perspective) for transferring proprietary business from father to his son.
Do they need to enter into Business Transfer Agreement, pay stamp duty on consideration and, get the business valued and obtain valuation report from CA? or
simply make business transfer agreement and transfer the business for free since they are relatives.
Any other options are also invited.
Thanks,
Querist : Anonymous
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