A individual as a proprietor, how many business/firm/enterprises can run at a time, is there any restriction in income tax law or Vat rules & regulation, Please help me - Ranjit
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Single Proprietor can venture many business?
Replies (8)
There is no restrication
no restriction on no. of business- -- - - - - -- -
There is no restriction on no of businesses. Incomes from different business should be shown seperately under profits and gains from business.
| Originally posted by : Shan Antony | ||
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There is no restriction on no of businesses. Incomes from different business should be shown seperately under profits and gains from business. |
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There is no limit
Ya. all my friends views are correct. there is no limit in the Income tax act,1961
THERE IS NO LIMIT
As such, yes, there is no limit . . .
If you want, you can find more information on income tax in India.
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