Starting a new bussiness
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 October 2011
hi,
I m Puneet SOnker, my brother has started a new business of domestic manufacturing of T-shirt, Shirt. For this, he is taking order in Indian Base Exporters and Buying Houses. My question is, in the starting of a new business what are the legal formalities, any registraion in any departments, etc. My brother's concern is proprietorship. pls advise me.
Thanks
Puneet
I m Puneet SOnker, my brother has started a new business of domestic manufacturing of T-shirt, Shirt. For this, he is taking order in Indian Base Exporters and Buying Houses. My question is, in the starting of a new business what are the legal formalities, any registraion in any departments, etc. My brother's concern is proprietorship. pls advise me.
Thanks
Puneet
03 October 2011
Dear Mr. Puneet
One must surely ensure about the legal formalities and requirements before commencing a new business. Because there ignorance might be result in big loss and adverse impact on business.
Anyway you must take care of following suggestive:
1. Regn. with Shop & establishment Act,
Sales Tax Dept, Excise, Service Tax(if
applicable), Custom Dep't(if applicable)
2. Have a PAN card.
3. Have export & Import License(if require)
4. P.O Agreement with Buyers
5. Check the legal documents whether the
buyer is having legal export and import
license or not as they will sell your
products.
Hope you got the idea and solution to your query.
One must surely ensure about the legal formalities and requirements before commencing a new business. Because there ignorance might be result in big loss and adverse impact on business.
Anyway you must take care of following suggestive:
1. Regn. with Shop & establishment Act,
Sales Tax Dept, Excise, Service Tax(if
applicable), Custom Dep't(if applicable)
2. Have a PAN card.
3. Have export & Import License(if require)
4. P.O Agreement with Buyers
5. Check the legal documents whether the
buyer is having legal export and import
license or not as they will sell your
products.
Hope you got the idea and solution to your query.
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Eway bill not cancelled within 24 hous what can be due
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
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
