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Recently Answered Questions

How i have to pay tax, if i am selling goods which does not have MRP printed?
If the goods do not have printed MRP, the seller needs to issue cash memo or invoice for the sale initiated. Technically you can't sell without an invoice....

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I would like to import goods and establish an outlet here in Delhi, Can you explain the compliance involved?
Since you are an individual, you can start as a proprietorship. You will not need any registration for the entity for this, however, you will need other post incorporation and taxes registrations. These are applicable depending on your nature, scale and location of business. These generally include PAN, TAN, VAT, Shops and Establishment, Professional Tax...

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What is Authorised capital of a company and how is it different from paid up capital?
Authorized capital: Before a public company can sell a stock, it must specify a certain limit to the amount of share capital that it is authorized to raise. This limit is set forth in its constitutional documents and can only be changed with the approval of the shareholders.Paid up capital: A company does not usually issue the full amount of its authoriz...

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Angel Investing or Admission of new partner in LLP
LLP Ownership depends solely on contribution. Maximum, Partner A can be assigned as Working partner and give a portion of the profit. But ownership of the firm is based on Contribution only. Hence in an LLP if an investor invests Rs.15 Lac and other partner have put in less amount then maximum ownership will be with an investor, Hence the way to go forwa...

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How i have to pay tax, if i am selling goods which does not have MRP printed?
If the goods do not have printed MRP, the seller needs to issue cash memo or invoice for the sale initiated. Technically you can't sell without an invoice....

View answer
I would like to import goods and establish an outlet here in Delhi, Can you explain the compliance involved?
Since you are an individual, you can start as a proprietorship. You will not need any registration for the entity for this, however, you will need other post incorporation and taxes registrations. These are applicable depending on your nature, scale and location of business. These generally include PAN, TAN, VAT, Shops and Establishment, Professional Tax...

View answer

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