Dear All,
I am Having Propriety Firm which is purely Export Oriented (STPI Registered) till last Financial Year. Due to STPI Exemption Over I close down that Firm & In that Form I have Some Fixed Assets.
|
Aqua guard |
5973.80 |
|
Fax Machine |
2565.00 |
|
Paper Shedder |
1846.60 |
|
Air Cinditionner |
68756.00 |
|
Chairs |
43441.00 |
|
Computers |
4285.00 |
|
Office Furniture |
673198.00 |
|
Office Premises |
1557739.00 |
|
Grand Total |
800065.40 |
I want to Transfer these all assets to my Limited Company where I am 97% stake Holder.
So how can I transfer these Assets to Limited Company?
- Make Journal Entry in Proprietary Firm & same in Limited as Capital
- I need to make Invoice in Proprietary Firm to Company, pay the Invoice amount from Limited Company.
If case two is ok then whether need to liable for VAT Registration
CAclubindia
