Registration of Proprietorship Firm

This query is : Resolved

pankaj (Querist)
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29 May 2011 Hello Sir,
Please tell me what is the procedure for registration of Proprietorship firm.

Is a proprietor in Full time employment any where.

RAHUL SARIA (CA, CS)

RAHUL SARIA (CA, CS) (Expert)
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30 May 2011 Dear Pankaj,

Pl note that a proprietorship concern is run by a single person and does not require any registration. The income is also shown as the income from business & profession under the owner's PAN for Income Tax purpose.

Ofcourse, you may have to take regn. of VAT, trade licence etc. depending on the business & other criterion like turnover etc.