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Proprietary firm issues

Others 1315 views 4 replies

Swapnil Patil

Entrepreneur

41 Points Posted on 06 January 2012

Respected Members,

I would be thankful for answering my following queries:

a) Can Proprietary Firm be started from own house (is Shop Act necessary?) ;

b) I couldn't understand how proprietary firm is Taxed?

Waiting for your valuable replies. Thanks!

Swapnil Patil, Nagpur.

Replies (4)

amit

111 Points Posted on 06 January 2012

Yes prop firm can be started from house nd no need of shop..

amit

111 Points Posted on 06 January 2012

Income of prop firm wil be added in inc. of individual..

Swapnil Patil

Entrepreneur

41 Points Posted on 07 January 2012

Originally posted by : amit
	Yes prop firm can be started from house nd no need of shop..

Thanks for reply. Please let me know :-

A) While filling ITR-4 my business & residence address will match. Will it be allowed?

B) Will I be allowed to open Current account on Residential Address?

Thanks in Advance.

saidulu

student

21 Points Posted on 01 March 2014

one of my friends started a computer training institue which is providing training in the areas of CADD and ENGINEERING PROJECTS and wants to register his training institue and he wants to issue certificates for the trained ones. Please help me out how to register this training institution and under which acts he need to be registered? and what are th e documents needs to be filed?