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Profit haring agreement

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21 March 2014 Dear Sir,

plz help on the following issue.
1 person has registered himself with service tax as proprietor & he is providing online manpower consultancy through a job portal site. He has 20 employees approx. But someone else looks after all work on 50% of net profit. Now they want it on paper but don't want to form a partnership firm. so plz suggest how to do & what are the procedure for the same?

Thanx in advance.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
21 March 2014 then make a partnership firm and then alter service tax reg and pay 50% only
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21 March 2014 Re: Tushar Sampat.

Sorry I could not mention it that They don't want to form a partnership firm or alter the ST No., give me some other suggestion.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
21 March 2014 then there is no other legal way......
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Mukund Thakurpro badge (Querist)
21 March 2014 OK. sorry but are you sure?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
22 March 2014 you can take a seconf opinion................
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