Can anyone tell me if a person opens a Sole Proprietorship/Partnership/LLP/Pvt Ltd Business of Selling General Insurance,Life Insurance,Mutual Funds.(working as a agent for diffrent companies). How they have to maintains Accounting Books.???. His Income would be only Commission . How to do accounting for this in Tally.
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Minimum authorised Capital for a pvt co to do the business
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| Originally posted by : Prateek | ||
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Can anyone tell me if a person opens a Sole Proprietorship/Partnership/LLP/Pvt Ltd Business of Selling General Insurance,Life Insurance,Mutual Funds.(working as a agent for diffrent companies). How they have to maintains Accounting Books.???. His Income would be only Commission . How to do accounting for this in Tally. |
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IRDA does not offer agency other than individuals.
commission = direct income
expenses = direct expenditure
TDS = Incometax paid (advance)
But US Sharma. For Mutual Funds
see the link https://www.amfiindia.com/showhtml.aspx?page=registration
one more querry is if a Partnership/Pvt Ltd selling mutual funds then who will be taking AMFI Registration Partners or Employees or Both or only partners if there is no emplyees
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