Firm opening

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Wasim (Querist)

17 September 2012 Dear friends,

We want to open a new company and wish to keep it as partnership or individual firm.

We want to do fruits & vegetables trading in it.

What are the formalities, do we have to register somewhere etc. There is no tax on fruits & Veggie i believ.

Please guide, thanks

CA Ayush Agarwal

CA Ayush Agarwal (Expert)

17 September 2012 Taxes are There.
If You Want to Resuter as Individual Firm , Then Nothing to do as regarding to Complianes, Just Need to Take Trade Licence from Market Committee.

& if Go for Partnership Then Make Partner Deed & to Register it on Deed.& trade Licance.

Nothing Els.e

Wasim

Wasim (Querist)

17 September 2012 OKAY thanks, but what are the tax implications in both cases, what else we need to register for.

How do we take trade license.

CA Ayush Agarwal

CA Ayush Agarwal (Expert)

17 September 2012 For Above Both Case:-

For Individual Firm:- Obtain PAN From IT Department in name of UR.

For Firm Partner:- After Making Deed, Obtain PAN.Fill Form 49A

Other Than This Nothing is Required.

Wasim

Wasim (Querist)

17 September 2012 thanks Ayush, you have been very kind. Can we directly fie PAN application in case 1 or two

What is the general procedure.

As an individual i have my PAN number and also have DIN number as i am with other firms too.

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