Registration of Proprietorship Firm
This query is : Resolved
29 May 2011
Hello Sir,
Please tell me what is the procedure for registration of Proprietorship firm.
Is a proprietor in Full time employment any where.
Please tell me what is the procedure for registration of Proprietorship firm.
Is a proprietor in Full time employment any where.
RAHUL SARIA (CA, CS)
(Expert)
30 May 2011
Dear Pankaj,
Pl note that a proprietorship concern is run by a single person and does not require any registration. The income is also shown as the income from business & profession under the owner's PAN for Income Tax purpose.
Ofcourse, you may have to take regn. of VAT, trade licence etc. depending on the business & other criterion like turnover etc.
Pl note that a proprietorship concern is run by a single person and does not require any registration. The income is also shown as the income from business & profession under the owner's PAN for Income Tax purpose.
Ofcourse, you may have to take regn. of VAT, trade licence etc. depending on the business & other criterion like turnover etc.
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