Very very ugent... starting sole propritership
This query is : Resolved
01 July 2012
Dear All,
One of my client going is to start sole propertership consisting of his wife as only one person as sole propriter..
( Not goods sale but Service tax applicable)
In this regards
1) What is procedure to incorporate Sole Propertership.. is it the same like company as per the comapnis act 1956.
2) Is it possiable having only one peron as sole properter( His wife)
2) What are the other formalaties like
Pan card, Registration etc....
3) What about Service tax registration & formalities....
Regards
Aditya
One of my client going is to start sole propertership consisting of his wife as only one person as sole propriter..
( Not goods sale but Service tax applicable)
In this regards
1) What is procedure to incorporate Sole Propertership.. is it the same like company as per the comapnis act 1956.
2) Is it possiable having only one peron as sole properter( His wife)
2) What are the other formalaties like
Pan card, Registration etc....
3) What about Service tax registration & formalities....
Regards
Aditya
02 July 2012
No special requirement is there for setting-up any sole proprietorship business.
Sole proprietorship business should have only 1 person, if there are more than 1 then it would be called as partnership or something else? In that case some incorporation formalities are there.
As you say, service tax is applicable you need the following:-
1) PAN card in the anme of the Proprietor
2) Application for Service Tax Registration.
Sole proprietorship business should have only 1 person, if there are more than 1 then it would be called as partnership or something else? In that case some incorporation formalities are there.
As you say, service tax is applicable you need the following:-
1) PAN card in the anme of the Proprietor
2) Application for Service Tax Registration.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- Gst Sales of FY 2023-24
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
