Hi experts,
As I'm planning to do an online business without office (may hire home based employee within India), here are my queries concerning income tax and mca (ministry of corporate affairs registration.
1) how does income tax department really audit ( do they sneak into our bank accounts or is there any other ways, please specify clearly), cause there wont be an office just work online?
2) if they do not sneak into our bank accounts, then we can modify our earnings record by lowering the amount then pay the taxes ( I wont, just for the knowledge) ?
3) why to register llp, pvt, and so on..what happens if we don't?
4) lets say i formed a company called "financo.in" with all registrations and filed my IT return then later decided that i need another website managed by financo.in ( say granco.in ) then do i need to register again for the second website to the mca and file the IT return separately? or don't need to?
example lynda.com is now bought by linkedin.com, when you navigate to their website, their logo says lynda.com, company by LinkedIn, please educate me
5) which registration is right for solo entrepreneur with four to five employees in future? LLP or Sole proprietor or any other?
6) how much tax i need to pay?
I'll be delighted if i get all the answers above,
Appreciated your response
As I'm planning to do an online business without office (may hire home based employee within India), here are my queries concerning income tax and mca (ministry of corporate affairs registration.
1) how does income tax department really audit ( do they sneak into our bank accounts or is there any other ways, please specify clearly), cause there wont be an office just work online?
2) if they do not sneak into our bank accounts, then we can modify our earnings record by lowering the amount then pay the taxes ( I wont, just for the knowledge) ?
3) why to register llp, pvt, and so on..what happens if we don't?
4) lets say i formed a company called "financo.in" with all registrations and filed my IT return then later decided that i need another website managed by financo.in ( say granco.in ) then do i need to register again for the second website to the mca and file the IT return separately? or don't need to?
example lynda.com is now bought by linkedin.com, when you navigate to their website, their logo says lynda.com, company by LinkedIn, please educate me
5) which registration is right for solo entrepreneur with four to five employees in future? LLP or Sole proprietor or any other?
6) how much tax i need to pay?
I'll be delighted if i get all the answers above,
Appreciated your response