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.
Menu
Minimum authorised Capital for a pvt co to do the business
|
||||||||||||||
|
||||||||||||||
| Originally posted by : Prateek | ||
 |
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. |
 |
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
Recent Topic
- GST on Post-OC Installments – Payment Milest
- Sec-54F exemption and Carry forward losses
- FEMA treatment — USD gift from LRS-funded fo
- RSU and Schedule FA related
- ELIGIBILITY FOR COMPOSITION SCHEME
- Doubt regarding the purpose of Section 52(3) of Co
- 112 A Filling
- Long Term Capital Loss in ITR2
- LOAN INTEREST BENEFIT ON NEW TAX REGIME
- Retirement funds under new tax regime
Related Topics
CAclubindia
