TRANSFER OR PROPRIETARY BUSINESS, Other Topics

[DR.MARIAPPAN GOVINDARAJAN]

One of my lady client is running a business as proprietorship. Now she wants to transfer the entire business to her daughter-in-law. How it can be transferred? Whether gift deed serve this purpose?

Posts / Replies

[Sadanand Bulbule]

Respected Sir

One of the best options to transfer the business as proprietorship to a family member, in your case daughter-in-law, is by gifting to her with the valuation of assets, stock in trade etc., under intimation to all the concerned statutory authorities. Its my personal view Sir.

[KASTURI SETHI]

Sh.Sadanand Bulbule Ji,

Sir,  I want more information on the issue with legal force. Will  you oblige  me ?  Thanks a lot.