Proprietor in more than 1 firm

VAT (Legacy) 447 views 1 replies
Can an individual become proprietor in more than 1 firm. All firms being different in nature of business, address and all other things.
Replies (1)

There is no such bar to open more than one business in proprietorship name, however total benefits of all such units will get clubbed in singal PAN data, and assessment would be done accordingly with gross, so if a single person wishes to make multiple units, he has to stick to one unit , making amandments in his RC, so that at single place he would get assessed, in place of multiple. 


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