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composition dealer collect commercial rent
Don't need to close... Continue ur sole proprietorship firm and incorporate partnerships firm also
how long to continue soletrading?? a few months or more??
what papers do i require to form patnership ?
1 patnership deed
2 bank acc
what more
do i require new trade license also
what papers do i require to form patnership ?
1 patnership deed
2 bank acc
what more
do i require new trade license also
As long u wish to continue ur sole proprietorship firm... For forming partnership firm... Make a partnership deed and apply for pan card... After getting pan card get ur gst no... Trade license if required then take.... But u can't receive rental income in name of partnership firm... As rent deed is not excuted between firm and tenants
Its better to opt out from composition scheme... As no benefits in composition scheme...
we sell foreign goods .n various items of different tax rate.
some of the goods are without bill ...
item like cosmetics stationery etc have different gst tax rates...
will i have to maintain stock details
itemwise and different tax rate wise ??
will it be very difficult for me to maintain accounts???
some of the goods are without bill ...
item like cosmetics stationery etc have different gst tax rates...
will i have to maintain stock details
itemwise and different tax rate wise ??
will it be very difficult for me to maintain accounts???
No need to maintain stock if ur turnover is less than 1.5 crore...HSN summary is not mandatory... Why u don't do one thing... Receive rent in other family members name instead of that person in which name gst no is
i have another personal shop (not with other mrmbers )which is not yet given on rent yet....
i can recieve rent of rs 50000 per month if i let out....
then same situation will arise again.....
further recieving rent in other family member name would make him to pay entire income tax by him...
is it legal to recieve rent by only one co owner??
i can recieve rent of rs 50000 per month if i let out....
then same situation will arise again.....
further recieving rent in other family member name would make him to pay entire income tax by him...
is it legal to recieve rent by only one co owner??
Then it is advisable plz opt out from composition scheme.... And maintain ur accounts... Not detailed wise... To the extent possible... In Tally
without tally will it be possible
if i take my purchase bill and cut cash memo in regard it ??
as my shop is small n my father /staff doesnot know how to operate it..
i m also not an expert in computers
if i take my purchase bill and cut cash memo in regard it ??
as my shop is small n my father /staff doesnot know how to operate it..
i m also not an expert in computers
Ya u can maintain ur data at excel also... Make purchase file... And for sale manual bill is issued.... What amount of cash received make bill for that in respective rate... No need to maintain stock... As u hv input on purchase so generally u hv no output liability on ur sale
i sell only to retail customer/ unregistered dealers....
1) do i have to give only monthly turnover figure and purchase figure.??
2) do i have to give stock figure also??
1) do i have to give only monthly turnover figure and purchase figure.??
2) do i have to give stock figure also??
For sell only consolidated amount of all invoices in the month... Purchase will be uploaded by ur supplier... It will automatically upload on ur portal if u purchased from registered supplier... U can contact me also my mail id cadivakarthakur92 @ gmail.com
does that mean i dont have to file my purchases as well as stock
I HAVE A HUF Pan card and files IT returns regularly..
CAN I DO BUSSINESS IN NAME OF HUF instead of forming new patrnership firm???
CAN I DO BUSSINESS IN NAME OF HUF instead of forming new patrnership firm???
Yes u can do business in name of huf
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