How to form proprietorship? what are the procedures. please advice in A to Z manner.
or
Whether partnership or propritorship better in terms of tax purpose. please suggest.
thanks,
Menu
Propritorship
Replies (1)
You need a ghumsta, open a current account in the bank, print stationary, get tax registrations such as service tax, sales tax, excise etc, and there you go. Taxes as an individual.
In the partnership, you need a partner and a partnership deed duly registered. The profit earned from the partnership firm is tax-free in the hands of the partner.
Recent Topics :
- Invoice made but goods not sent
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
Related Topics :
CAclubindia
