We are planning to launch a chain of Salon in India. Kindly guide me as to the requirement of any registration required in Government Authority in India. And also whats gona be the taxation aspect of the same.
Many Thanks in anticipation to receive replies soon.
26 April 2014
If you are doing business in proprietorship. There is no requirement for any registration. You have to maintain accounts for branches and tax will be calculated after clubbing of all the income of branches. But If you have partnership firm or comapany, follow the procedure of the respective acts.
26 April 2014
Madam, many thanks for the input. Yes we are planning to start a proprietary business. What taxes shall be applicable? Kindly advice. Thanks again.
26 April 2014
You should maintain following documents. Asset purchase-furniture, vehicle inventory-sale and consumption in business expenses-salary, electricity, telephone charges etc Investments-Lic, medical policy. and get Accounting of business transaction monthly.
28 April 2014
It depends on state vat rules, Plz check the respective government vat site and you can find schedules of commodities on which vat is payable.
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