New Branch opening under sole propietorship in the same city
This query is : Resolved
10 July 2021
Sir,
I have a sole proprietor trading firm in my town. Would like to start another branch with a different name but with the same owner. Is this possible and will there be inspection of office etc.,
As such, I have a desk space only for my trading activities as all my dealings are done in my laptop.
No physical stock of any material. Merchant trading only I do.
I want to have a second name and a new bank account in this new name.,
Is this possible and what are the procedures
I have a sole proprietor trading firm in my town. Would like to start another branch with a different name but with the same owner. Is this possible and will there be inspection of office etc.,
As such, I have a desk space only for my trading activities as all my dealings are done in my laptop.
No physical stock of any material. Merchant trading only I do.
I want to have a second name and a new bank account in this new name.,
Is this possible and what are the procedures
10 July 2021
Yes, possible. Register as another business vertical with the same PAN.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Not able to file ITR
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
