Ads
related to: gst registration for sole proprietorship- Start An LLC For Free
Your Business Is Important. Start
It For $0 + State Filing Fees.
- Female Entrepreneurs
Learn The 3 Major Advantages To
Being A Female Entrepreneur.
- Sole Proprietorship Info
Explore The Opportunities And
Challenges Of A Sole Proprietorship
- Start Up With No Money
If You're Short On Funds, You Can
Still Start A Successful Business.
- Compare Business Types
Compare Different Business Types
To See Which One Works for You.
- Business Formation
Choose Which Business Type Is Right
For You And Get Started Today.
- Start An LLC For Free
tax.thomsonreuters.com has been visited by 10K+ users in the past month
Search results
Results From The WOW.Com Content Network
A sole proprietorship, also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by only one person and in which there is no legal distinction between the owner and the business entity. [1] A sole trader does not necessarily work alone and may employ other people. [2]
For the fiscal year 2014/15, the Profits Tax rate is 16.5% for companies and 15% for individual sole proprietors. Half of the original rates will be charged on concessionary receipts including income derived from qualifying debt instruments and offshore reinsurance business. [20] [21] [22]
It is not governed by any law and hence it is the easiest form of business in India. All the decisions and management of the business are in the hands of one person. Documents required for the registration of a sole proprietorship in India are Aadhar card, PAN card, bank account and a proof of registered office. [75]
Ministry of Development (MR) – Central Registration and Information on Business (CEIDG) [70] – company register for natural persons trading as sole traders or their civil law partnerships (searchable); such companies are prohibited from performing certain activities (e.g. operating a life insurance company), and proper agricultural activity ...
the Government would be GST-registered to provide a level playing field with the private sector; a Tourist Refund Scheme would be included to allow visitors to obtain a refund of GST on goods they had purchased in Hong Kong and were taking home with them; and; charities would be treated as "taxable persons" to allow them to reclaim input GST.
These entities include sole-proprietors, partnerships, and corporations. Not-for profit organizations, are normally exempt for income tax purposes, but are required to register for GST/HST accounts under the current rules. [citation needed] GST/HST returns are due monthly, quarterly, or annually depending on the volume of sales.
Ad
related to: gst registration for sole proprietorship