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Rajesh (Enigineer)     16 November 2011

Proprietary firm.

 

Can a working(in India) person start proprietary firm (and apply for VAT and servie tax registration).

Similar query on https://icai.org/post.html?post_id=294#15

Can a Member working abroad have a Proprietary Firm in India?

Yes. A member working abroad can have a proprietary firm in India provided the firm in India is under the charge of a member of the Institute who should be a full time paid assistant. This is a mandatory requirement under Section 27 of the Chartered Accountants Act, 1949. 



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