sole proprietor

News

Clarification in respect of MEF 2016-17


ANNOUNCEMENT CLARIFICATIONS IN RESPECT OF MEF 2016 17 Applicants of MEF who are i Applying as Proprietary Concern and also having Sole Individual practice registered in Institutes records ii Applying as Individual either Sole Individual practice registered or not in Institutes records though they ar

Announcement relating to study materials relevant for PCC and Final (Old) Course students


Announcement relating to study materials relevant for PCC and Final Old Course students This announcement is solely for the purpose of making the students aware of the study material which would be relevant from t he examination point of view since study materials issued to them at an earlier point

Life & taxes....


Loss of a dear one leaves a void that cannot be filled The family besides being emotionally disturbed is also at loss on financial front especially if that individual is the sole main earning member of the family Often the family receives one or more of the following sums on the demise of the family

CAs can accept more tax audit assignments


The Central Council of the Institute of Chartered Accountants of India ICAI has increased the ceiling on the number of tax audit assignments that a chartered accountant can accept in a financial year either as partner or proprietor The ceiling on tax audit has been increased from 30 to 45 per charte

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Experts Opinions

Sole proprietor


If father has taken loan for starting a business and he has invested it in setting up a business now can he make his son a proprietor of business as the loan has taken is in fathers name and he used it What laws says in it

Convertion of partnership into proprietorship


we have already registered VAT CST With Partnership Frim Now We decide that partnership Converted into Propritorship Run By One Partner Any Possible in GST Application Migration Process Any Other Process in this GST please Ans

Re: conversion of sole proprietary concern into llp


Hi All Kindly share your views on following points 1 Whether the conversion of sole proprietary concern into LLP will be treated as Transfer or not 2 If yes which section covers this type of conversion as such no specific provision exist in Section 47 Kindly advise and share your views Thanks in Adv

Can overseas citizen of india(oci) do business as proprietor


Dear All A person who is OCI He has no residence address in India But he come frequently in India for looking after business Can he do business here in India as proprietorship for trading exporting garments Or what is the procedure he has to comply to start business in India If yes then for GST Regn

Registration of proprietorship architecture firm


If a person has the architecture licence to operate What are the legal procedures to start an architectural proprietorship firm What documents are needed to get a current account opened in the proprietorship firm name

Discussion

Joint loan borrower vs sole borrower

Hello There We are another working salaried couple in bangalore My wife comes in 20 tax bracket and i comes in 10 bracket almost touching 20 IT bracket And going to buy our first property worth 33L Doing upfront 20 down payment and availing 80 home loan from SBI Our goal is to obviously save income

Basic questions for proprietorship startup

Hi Have few basic questions forProprietorship Startup 1 is it mandatory for us to deduct TDS on all payments including employees 2 Do we also need to deduct Professional Tax on employee salaries 3 What other complainces needs to be taken care for Proprietorship companies which are mandatory Also any

Article being an proprietor

My friend Pritish is an article He is doing articleship in Mumbai Few months before his father was passed away and he was businessman and running a properitory firm and he was the eldest in his siblings and all his siblings are minor His mother can t be owner as she is housewife and uneducated So Pr

Query on business payment by cheque from buyer to an unregistered sole proprietorship firm

Can an unregistered sole proprietor legally receive business payment cheque in his legal name where he uses a trade trading fictitious assumed name in his business Let s say his invoice to the buyer appears as the following below RETAIL INVOICE Invoice no Date XYZ co Sole proprietor Ram Babu PAN Add

Sole proprietorship bank ac

Can a sole proprietor open a joint savings ac with his wife for all business transactions while his wife is the first ac holder and the proprietor himself is the second ac holder what action can be taken against him by the IT Dept

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Articles

Sole proprietorship comparison with one Person Company


Any person while beginning a business is confused regarding the legal structure of the organization In a broad sense there are four types of structure that a company can be set up with Self proprietorship Limited Liability partnership partnership or a one person company One can pick any of these typ


One Person Company: Soul of proprietorship in corporate body


ONE PERSON COMPANY A PRACTICE TO MERGE SOUL OF PROPRIETORSHIP IN THE BODY OF A COMPANY The man who will use his skill and constructive imagination to see how much he can give for a dollar instead of how little he can give for a dollar is bound to succeed Henry Ford Not old in some countries but new


Service Tax Compliance under Reverse Charge - Proprietorship


1 Freight paid payable to Goods Transport Agency GTA 1 1 When does an individual proprietorship firm is liable to pay service tax under reverse charge An Individual or a proprietorship firm is liable to take service tax registration and pay service tax under reverse charge only if i It is registered


Physical affixing of Brand name on Goods - Not Sole Criterion


style2 text align justify style3 text decoration none style4 text align left Physical affixing of Brand name on Goods is not the sole criterion for denial of SSI Exemption under Central Excise We are sharing you an important analysis of judgement in case of CCE CHENNAI II v M s Australian Foods Indi


Sole proprietorship - Most common form of Business


As the title of this write up suggests A sole proprietorship is still the oldest and the most common type of business in India You may find lots of proprietorship businesses near you place In general terms A Sole Proprietorship business means a business that is owned by only ONE person You can opera


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Updated on : 12/5/2016 12:27:09 AM


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