Arunava Pal (CFO) 21 February 2013
Hello,
My partner and me would like to set up a partnership firm. We are in the IT and WebServices field and have the following queries.
1. One of us is from Kolkata and the other from Hyderabad. We would like to know is their any financial/administrative benefit of registering the firm at either Kolkata or Hyderabad?
2. We would also like to know post registration what are the Income Tax related rules and laws applicable ?
sahil kumar (cosultancy) 22 February 2013
Sir you have to make a LLP MEANS LIMITED LIABILTY PATNERSHIP FOR THAT YOU HAVE TO DECIDE A NAME WHICH WILL BE SEARCHED FOR AVAILIBILTY ON MCA SITE THAT IS GOVT SITE MINISTRY OF CORPORATE AFFAIRS.
AS YOU ARE INCLINED FOR SERVICE SECTOR WHICH WILL ATTRACT SERVICE TAX 12.36 IF IN A YEAR TOTAL SALES VALUE EXCEED 10 LAKH AND FOR INCOME TAX IT WILL BE 30% ON YOR PROFITS.
FOR PATICULAR STATE BENIFIT YOU HAVE TO MEET CONSULTANT OF THAT PATICULAR STATE.
FOR FURTHER QUERY REGARDING INCORPORATION OF LLP YOU CAN MAIL ME AT LEGALCORPCARE@GMAIL.COM
Arunava Pal (CFO) 22 February 2013
| Originally posted by : sahil kumar | ||
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Sir you have to make a LLP MEANS LIMITED LIABILTY PATNERSHIP FOR THAT YOU HAVE TO DECIDE A NAME WHICH WILL BE SEARCHED FOR AVAILIBILTY ON MCA SITE THAT IS GOVT SITE MINISTRY OF CORPORATE AFFAIRS. AS YOU ARE INCLINED FOR SERVICE SECTOR WHICH WILL ATTRACT SERVICE TAX 12.36 IF IN A YEAR TOTAL SALES VALUE EXCEED 10 LAKH AND FOR INCOME TAX IT WILL BE 30% ON YOR PROFITS. FOR PATICULAR STATE BENIFIT YOU HAVE TO MEET CONSULTANT OF THAT PATICULAR STATE. FOR FURTHER QUERY REGARDING INCORPORATION OF LLP YOU CAN MAIL ME AT LEGALCORPCARE@GMAIL.COM |
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Do u mean to say we cant have a simple partnership firm?
sahil kumar (cosultancy) 23 February 2013
You can have a simple patnership as well but now days it has become out dated . TAX POLICY WILL BE SAME
bharat (sr. clerk ) 25 May 2013
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