Legal Question in Business Law in India
If I take home tuitions at my home and number of students coming for my tuitions is not more than 40 so do I need any licence or registration
2 Answers from Attorneys
If in the State where you wish to have Tuition Center is covered under the definition of an Establishment, than you may have to get it registered under the Shop & Commercial Establishment Act of the State. Moreover, if the total amount charged by you as fee attracts Service Tax than you may also required to be get registered under the Service Tax.
08.03.2017
Dear Sir / Madam,
Since you take home tuitions, all you need is your individual PAN Card number since you may be liable to pay Income Tax if your income exceeds the minimum amount of Rs, 2,50,000/- (Rupees Two Lakh Fifty Thousand Only) per annum which is exempt from tax. Since the number of students exceed 20, you may be liable to obtain a Shops & Establishments licence for your business.
Regards.
Related Questions & Answers
-
Hi i wanted to register engineering and IT base service at home area, Can i do That... Asked 3/06/17, 12:01 am in India Business Law
-
Dear, I am a proprietor of a firm. I want to withdraw my proprietorship and want to... Asked 3/03/17, 3:16 am in India Business Law
-
Sir with regard to HUF loan : 1. can a Bank Loan against property be given jointly... Asked 2/21/17, 7:10 am in India Business Law
-
Hello Sir ,my friend has taken a business loan and i have given my house as security... Asked 2/12/17, 4:53 am in India Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
