To start a consuktancy/ service firm
Sir,
I am already working With some organisation. I have some oporunity to earn during week-ends. I know a company based in singapore which off-loads me some documentation (related to enginnering) work.
1. Is it advisable to open a seperate firm to receive this payments? From where can i get details for opening a new firm?
2. Is this amount taxable?
3. If i keep a mediator in between who is already working for the singapore company and then i bill to the mediator, how much amount of tax is liable? How to keep this amount seperate from amy cellaried income?
2 Answers from Attorneys
Re: To start a consuktancy/ service firm
you can the details of opening of new firm from any chartered accountant and yes the amount is taxable and sorry i am not aware about the taxes but it is more advisable not to keep mediator and you deal with the company straight
Re: To start a consuktancy/ service firm
yes it is advisable to keep separate account for these transactions and in any separate name, may be a company or even a proprietorship... if i am right u r based in Baroda and we have our office there.. u can get in touch for any legal advice..
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