Please Help: U.P VAT and Income tax
Posted Date : 13-Jul-2012 , 03:15:51 pm | Posted By amit agrawal
Dear Sir,
My query is that after death of the Proprietor (also have U.P VAT registration),can his business transfer to his son name (total son is two).if yes, what procedure.
Bank A/c of his business also transfer/change.
Is any requirement in the income tax Act.
Any other procedure for solve my quary
My query is that after death of the Proprietor (also have U.P VAT registration),can his business transfer to his son name (total son is two).if yes, what procedure.
Bank A/c of his business also transfer/change.
Is any requirement in the income tax Act.
Any other procedure for solve my quary
Category : VAT | Answers : 2 | Comments : 0 | Hits : 253
Answers
Answer By: Mrattunjay
your question is general: you may transfer your business automatically to sons there is no legal problem. 2ndly VAT department should be intimated for appropriate correction in certificates and Bank account can be change by succession certificate or death certificate as case may be.
Answer By: Vikash Kumar Jha
Dear there is no need to be panic you have just intimate to vat department and bank with the sertificate death and succession. I think your problem will be solve
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