urgent
This query is : Open
08 December 2009
i want to incorporate a proprietorship firm as a division of my company. what is the procedure for the same?
08 December 2009
You can open a proprietory firm of your company.
Pass a resolution to that effect and authorize persons who will operate the activities.
Without opening a separate proprietory firm; you can easily open one division and in this way you can maintain separate books of account.
Because by opening proprietory concern; all the tax liabilities of the company are one and same.
Since the question is not clear for what purpose proprietory concern is to be opened; hence more discussion is required.
Ca Rakhecha
Surat
Pass a resolution to that effect and authorize persons who will operate the activities.
Without opening a separate proprietory firm; you can easily open one division and in this way you can maintain separate books of account.
Because by opening proprietory concern; all the tax liabilities of the company are one and same.
Since the question is not clear for what purpose proprietory concern is to be opened; hence more discussion is required.
Ca Rakhecha
Surat
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