Tax consultancy firm (sole proprietorship firm)
ruchi
(Querist) 05 June 2016
This query is : Resolved
Respected Sir/Madam,
I am Ruchi, just completed my LLB and enrolled as an Advocate in Bar Council.
I want to form a Tax Consultancy firm (Sole Proprietorship Firm) with full time service basis.
Proposed Firm Name as: “Gayatri Associates” – Tax Consultants
Court of Practice : Income Tax Department, Service Tax Department, VAT (Sale Tax) Department, Income Tax Appellate Authorities, CESTAT Tribunal & VAT (Sale Tax)Tribunal only.
I am planning to get registration with local authorities (Shop & Establishment Authorities) & Service Tax Department only when I reach Rs.10 Lac gross receipt in any forthcoming Financial Year.
I am planning to get print Professional Fee -Invoice receipt book containing details of my own PAN Card details being a Sole Proprietorship and my advocate bar council registration number details, too.
My questions are:-
1. Is there any restriction from Bar Council of India or State Bar Council for forming Tax Consultancy Firm (as Sole Proprietorship firm) for an Advocate?
2. Can I use my daughter name as my Firm Name?
3. Do I need any registration with Bar Council of India or State Bar Council, separately in name of firm?
4. Any other additional personal details like to suggest for Professional Fee – Invoice Receipt for Client?
Your reply is very helpful to me.
Thank you
Warm regards
Ruchi
T. Kalaiselvan, Advocate
(Expert) 09 June 2016
1. If you have clearly mentioned the area of practice in the bar council enrolment form, this should not be a problem nor there can be any legal infirmity in it.
2. There is no restriction for that.
3. Not necessary, you can register the firm with registrar of firms if necessary.
4. It depends on your the mode of practice you may choose.
ruchi
(Querist) 10 June 2016
Thanks Sir for your valuable answer.
1. In my State Bar Council, Advocate enrollment form there is no column to indicate area of practice.
2. Being a Commerce Graduate, I preferred Taxation as area of practice.
3. I only worried that being new Advocate, I may not break any law of Bar Council(s) due to ignorance.
4. Before starting my Sole Proprietor - Tax Consultancy firm. I only keen to know that I can set up my Sole Proprietor - Tax Consultancy firm or not.
Thanking You
With regards,
Ruchi
Rajendra K Goyal
(Expert) 11 June 2016
Good luck, best wishes, proceed, no problem.
Local requirement, if any can be fulfilled later on when noticed.
