Archived; click post to view. Excerpt: CBDT has notified the tax forms for Asst year 2010-11. Saral II was already notifed early For Individuals and  HUFs not having Income from Business or Profession   ITR-2 For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship   ITR-3 For individuals and HUFs having [...]

income tax on consultancy fee : Hi, I have a proprietorship concern. I have to pay 50% of the profits to a friend of mine who helps me in the conduct of business. He desires that that money be paid to him as consultancy fee. I do not have any registration other than PAN card. He is also not registered anywhere

Archived; click post to view. Excerpt: In this age of information technology, there are numerous self made entrepreneur who starts a web business himself or self. As the business grow, so is the chance of converting the proprietorship concern into a company so that others-Venture Capital firms or other people can bring in capital . [...]