CHANGE IN OWNERSHIP OF BUSINESS - Professionals - GST - TIK Share
0 Likes 209 Views

CHANGE IN OWNERSHIP OF BUSINESS


S.M Navale

2016-03-30

Hello Sir, 

one of client running business of his father and TIN No.is also in his father name.  His father allowed him to continue the business.

 

can we change the KVAT TIN father's name to his son's name? 

 

Thanking you. 

CA Pulkit Sharma

2016-03-30

Registration in case of individuals is non-transferable. You need to take fresh registration.

Reply

S.M Navale

2016-04-01

sir, 

Thank you .

His father handed over all the business  to his son .  also mentioned on a e-stamp paper(power of Attorney).   now can the son be the proprietor of the business, though the TIN no.is in his father's name.  can the business income is included in son's income.  the son has no other income. 

 

Reply