Query
This query is : Resolved
19 May 2016
Dear sir,
I wish to start khakhra manufacturing from my home with a very small capital.
Do I have to follow any legal procedure?
Will it be benificial to start this business on my wife's name?
Please guide.
I wish to start khakhra manufacturing from my home with a very small capital.
Do I have to follow any legal procedure?
Will it be benificial to start this business on my wife's name?
Please guide.
19 May 2016
01. Income tax is PERSON based. If you have taxable income and your wife is NOT having taxable income, then it is advisable to start business in her name.
02. You obtain Shop Liscence in the first place. Since you are into FOOD manufacturing, better to have food liscence as well.
02. You obtain Shop Liscence in the first place. Since you are into FOOD manufacturing, better to have food liscence as well.
19 May 2016
you are most welcome.
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