Business Transferring
sushil mane (30 Points)
02 November 2019
What is procedure for transferring business from owner to his brother . owner is expired before fiftin days .
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193783 Points)
Replied 02 November 2019
Under IT rulings, no tax liability over the transfer of stocks by legal heir, but the proprietorship business has to be newly incorporated by the transferee under his PAN.
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