Legal Requirements for Sole Properietership Start Up

1607 views 3 replies

Dear All,

Pardon me for asking the same old question which has been asked so many times at this forum. but actually i'm confused by the answers written by the people.

The asnswers are written from a perspective of a manufacturer/trader sole properietor. I wish to start up a consultancy biz. Due to small size of operation i'm interested in Sole Properietorshi[p form of business.

 

My Questions  are:

1) Since its just a start up, do i need to get ST registration? Also till my receipts are less thn 10 lacs i don't need registration...right?

2) I have no employees under me. Rather i'll be working solely. Do i need to get registration for Professioanl Tax?

3) I'll be operating from my home. I don't think i'll be liable to register it as a place of businss anywhere.??

4) Which ITR shall i file...individual having income from PGBP? or firm having income from PGBP??

 

Thanks in advance

Replies (3)

Hey...its been 11 views but still no amswer...strange!!! pls help....

You do not need to get register with any of the department as you just started your business and for income tax return filling then you have to file ITR-4 as the same is for Income from Business.

1) no service tax registration unless ur turnover reach 9 lacs

2) no professional tax "registration" unless u employe, but u have to have "enrollment" under profession tax. 

3) you have to obtain a "certificate of establishment ( trade licence) from local municipal body, in the address of principal place of business, and nature of business mentioned in it.

4) you need to file ITR4 having individual income, proprietorship firm's business would get added to your personal income.

5) you need to get a current a/c in name and style of firm name( proprietory)

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details