Hello All
I am planning to start a trading activity of selling bakery items in a small shop. For sales revenue of Rs.1000 my cost / purchase price would be around Rs. 500.
Expecting sales of Rs. 60000/- per month.
To add to this my monthly expenses ( Fix and Var ) would be around Rs.10000/-
This is my initial set up but I am not sure what i need from Finance , Book keeping , Accounting , Income Tax , or any other areas within taxes invloved that i need to take care ?
I need to know at an aggregated level what all is required at the operational level. Most importantly , i need to know how my Income Tax would be calculated. I can manage Licenses and other parts.
Thank you for your help.
Regards
Kiran
CAclubindia
