Income tax

This query is : Resolved

R. vishwanathan (Querist)
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27 May 2013 hello

one of my client going to open a sole prop. firm..

tell me the legal compliance or the procedure which i can suggest for opening up and sole firm including every thing..its a GRAIN MERCHANT....

URGENT
THANKU

CA Mayank Chopra

CA Mayank Chopra (Expert)
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29 May 2013 It depends on the business & turnover of the businessmen.

Eg:
PAN registration, VAT registration, Service TAx reg (if applicable), TAN (If applicable)

Further registration under shop & establishment act, ESI / PF ( if applicable)

Else, start business using ur pan if it doesnt fall under any above things.

Contact 9717775548 for further clarifications.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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13 July 2013 The first and format requirement is that you first procure the trade licence as the proprietorship concern is not registered anywhere under any act.

I also agree with the expert who has given general requirement which are required only when the specified turnover is completed.