TRANSFER OF SOLE PROPERITERSHIP BUSINESS TO HUF
This query is : Resolved
07 June 2024
Will HUF pay any consideration if it acquires a sole properitership business and properiter is co parcener in HUF? Is there any tax benefit of doing it?
07 June 2024
Yes, need to pay as per market valuation; otherwise difference will be treated as gift.
As such there won't be any tax benefit, as otherwise gift from relative.
As such there won't be any tax benefit, as otherwise gift from relative.
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31 August 2024
Good luck.
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