Sir I want to known the procedure when a sole proprietorship business of sold. The case is that my father is giving me gift the shop premises but business which is running is not gifted, but is sold to me. I m going to prepare a sale of business agreement. I doubt is that how should I close my dad's accounts for the purpose of vat & how to surrender the certificate.
N should I apply for new Vat Tin no. or I shd tell dept to charge to proprietor's name.
Reply me as soon as posible.
Thanks.
Email id : rupeshmorabia @ gmail.com
Contact no. 9870633944
CAclubindia
