Can anyone tell me if a person opens a Sole Proprietorship/Partnership/LLP/Pvt Ltd Business of Selling General Insurance,Life Insurance,Mutual Funds.(working as a agent for diffrent companies). How they have to maintains Accounting Books.???. His Income would be only Commission . How to do accounting for this in Tally.
Minimum authorised Capital for a pvt co to do the business
Page no : 2
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 28 April 2011
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U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 28 April 2011
| Originally posted by : Prateek | ||
 |
Can anyone tell me if a person opens a Sole Proprietorship/Partnership/LLP/Pvt Ltd Business of Selling General Insurance,Life Insurance,Mutual Funds.(working as a agent for diffrent companies). How they have to maintains Accounting Books.???. His Income would be only Commission . How to do accounting for this in Tally. |
 |
IRDA does not offer agency other than individuals.
commission = direct income
expenses = direct expenditure
TDS = Incometax paid (advance)
Prateek
(B.Com(H) PGDBA CA Final)
(436 Points)
Replied 29 April 2011
But US Sharma. For Mutual Funds
see the link https://www.amfiindia.com/showhtml.aspx?page=registration
Prateek
(B.Com(H) PGDBA CA Final)
(436 Points)
Replied 29 April 2011
one more querry is if a Partnership/Pvt Ltd selling mutual funds then who will be taking AMFI Registration Partners or Employees or Both or only partners if there is no emplyees
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