Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Proprietary firm issues

Swapnil Patil (Entrepreneur) (41 Points)

06 January 2012

Respected Members,

I would be thankful for answering my following queries:

a) Can Proprietary Firm be started from own house (is Shop Act necessary?) ;

b) I couldn't understand how proprietary firm is Taxed?

Waiting for your valuable replies. Thanks!

Swapnil Patil, Nagpur.

Reply
Follow
Share

4 Replies

amit (st) (111 Points)
Replied 06 January 2012

Yes prop firm can be started from house nd no need of shop..

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

amit (st) (111 Points)
Replied 06 January 2012

Income of prop firm wil be added in inc. of individual..

1 Like

Swapnil Patil (Entrepreneur) (41 Points)
Replied 07 January 2012

Originally posted by : amit
	Yes prop firm can be started from house nd no need of shop..

Thanks for reply. Please let me know :-

A) While filling ITR-4 my business & residence address will match. Will it be allowed?

B) Will I be allowed to open Current account on Residential Address?

Thanks in Advance.

saidulu (student) (21 Points)
Replied 01 March 2014

one of my friends started a computer training institue which is providing training in the areas of CADD and ENGINEERING PROJECTS and wants to register his training institue and he wants to issue certificates for the trained ones. Please help me out how to register this training institution and under which acts he need to be registered? and what are th e documents needs to be filed?