LAW Courses
LAW Courses

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Ravi Kumar (Lawyer)     19 March 2010


I just want to know that wheather a person can be proprietor in more than one business..? Meaning thereby that How can one person sell the goods to himself & buy from himself?

 3 Replies

Vineet (Director)     19 March 2010

One person can be propreitor of as many businesses as he desires to be.


Purchasing and selling goods within concerns owned by a single person are nothing but circular transactions normally adopted by unscruplous persons to jack up the turnover or stock. However it is a bad idea financially as it results in notional profits.

Ravi Kumar (Lawyer)     19 March 2010

Thanks for the reply

Arunava (Proprietor)     20 March 2010

If i am a proprietor of two business firm what amount of VAT i need to pay either in seperate sales of the consicutive firms or in combined form

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Post a Suggestion for LCI Team
Post a Legal Query