Trade of opening a chain of salons in india
This query is : Open
26 April 2014
Hi All!!
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.
Regards,
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.
Regards,
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
As per tax slab of individual of f.y. 14-15. for f.y. 13-15, it is 200000.
Tax will be applicable after giving effect to all the expenses of branch and head office. Net profit will be considered for tax applicability.
Tax will be applicable after giving effect to all the expenses of branch and head office. Net profit will be considered for tax applicability.
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.
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.
26 April 2014
Madam, my enquiry is for raising the invoices what taxes should be charged from customers. Thanks & Regards
27 April 2014
Service tax will be applicable @12.36% subject to slabs and conditions. Detailed guidance on bothra_piyush@yahoo.com
28 April 2014
Service tax will be charged if turnover of service provided is more than 10 lacks.
28 April 2014
Thanks for the input madam!! Will Luxuy Tax / VAT shall also be applicable? Regards
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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