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Sale of proprietorship and pan for proprietor ship

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CA Final student
534 Points Joined May 2009
How can a proprietorship business transferred from one person to another? How can it be sold? What is the procedure. Or is there any way by which I can get tds on the business name other than making it a partnership as it will attract 30% tax rate.
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On 04 October 2013 at 16:44 Report
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391 Points Joined August 2013

1) It can be transferred by changing name in all license issued to the proprietor ie under sales tax , shops establishment etc under income tax act there in no such requirement.

 

2) I Am unable to identify ur second question?

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On 05 October 2013 at 10:45
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CA Final student
534 Points Joined May 2009
It is a commission business proprietorship. So now commission is recd in the name of owner. So I want to knw can I get commission on the company name itself ?
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On 09 October 2013 at 16:57

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