I have a recruitment consultancy firm. It's a proprietary firm. Last year, I started it. The turnover of the firm is below 10 lakhs.
Filing Income Tax Return
I want to know what is needed to file the Income Tax return.
PAN Card Requirement
I want to know whether I have to take a separate PAN card in the name of the firm or if I can use my personal PAN card.
Service Tax Registration
Do I need to obtain a service tax registration number?
TDS Returns
Do I have to file TDS returns?
Regards
From India, Hyderabad
Acknowledge(0)
Amend(0)
Filing Income Tax Return
I want to know what is needed to file the Income Tax return.
PAN Card Requirement
I want to know whether I have to take a separate PAN card in the name of the firm or if I can use my personal PAN card.
Service Tax Registration
Do I need to obtain a service tax registration number?
TDS Returns
Do I have to file TDS returns?
Regards
From India, Hyderabad
Acknowledge(0)Amend(0)
Filing an Income Tax Return for a Proprietary Firm
1. I want to know how to file an income tax return and what is required.
Ans: PAN
2. I want to know whether I have to obtain a separate PAN card in the name of the firm or if I can use my personal PAN card.
Ans: No, a separate PAN card is not required. An individual (proprietor) is considered the company in a proprietorship firm. Therefore, your personal PAN will serve as the company's PAN.
3. Do I need to obtain a service tax registration number?
Ans: Yes, it is required.
4. Do I need to file TDS returns?
Ans: Yes, you will have to.
Regards,
Deeps
From India, Pune
Acknowledge(0)Amend(0)
31. I want to know how to file an income tax return and what is required.
Ans: PAN
2. I want to know whether I have to obtain a separate PAN card in the name of the firm or if I can use my personal PAN card.
Ans: No, a separate PAN card is not required. An individual (proprietor) is considered the company in a proprietorship firm. Therefore, your personal PAN will serve as the company's PAN.
3. Do I need to obtain a service tax registration number?
Ans: Yes, it is required.
4. Do I need to file TDS returns?
Ans: Yes, you will have to.
Regards,
Deeps
From India, Pune
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
Income Tax Calculator.xls