Spa Professional Practice VII
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Setting up practise, Income Tax, Service Tax, Establishing firm, Space, Capital investment, Sources of funds. Organisation

Setting up practise, Income Tax, Service Tax, Establishing firm, Space, Capital investment, Sources of funds. Organisation
Income Tax, Service Tax, Insurance
Provident Fund

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Spa Professional Practice VII Presentation Transcript

  • 1. Professional Practice VII
    Setting up practice
    SCHOOL OF PLANNING AND ARCHITECTURE, NEW DELHI
    March2010
  • 2. Setting up practice
    • Establishing firm
    • 3. Space
    • 4. Capital investment
    • 5. Sources of funds
    • 6. Organisation
    • 7. Income Tax
    • 8. Service Tax
    • 9. Insurance
    • 10. Provident Fund
  • Establishing firm
    • Proprietorship
    • 11. Partnership- only with Architects
    • 12. Define share
    • 13. Registration of firm
    • 14. No Pvt Ltd or public Ltd company
    • 15. Can not use title & style of an Architect
  • Space
    • Depends on size of an organisation
    • 16. 7 to 10 sq mt per person
    • 17. Usual spaces
    • 18. Reception
    • 19. Meeting / conference room
    • 20. Chamber for principals
    • 21. Studio
    • 22. Printing section
    • 23. Toilet, Pantry
  • Capital Investment
    • Immovable
    • 24. Built up space
    • 25. Movable
    • 26. Computer, printer, plotter
    • 27. Phone, fax
    • 28. Interior, furniture
    • 29. Storage
    • 30. Vehicles
  • Sources of funds
    • Initial Capital
    • 31. Own money
    • 32. Soft loan
    • 33. Bank loan
    • 34. Subsequent requirements
    • 35. Earn & invest
  • Income tax
    • Applicability
    • 36. Firm
    • 37. Architect ( proprietor/partner )
    • 38. Employees
    • 39. Rate
    • 40. As prescribed by law
    • 41. Payable on
    • 42. Profit
    • 43. Salary
  • Income tax
    • Registration
    • 44. Firm to have PAN no.
    • 45. Architect to have PAN no.
    • 46. Employees to have PAN no.
    • 47. TDS (tax deducted at source) by
    • 48. Client, while making payment to the Architect
    • 49. Deposited with IT Dept
    • 50. Certificate issued to the Architect
  • TDS(tax deducted at source)
    • By Client
    • 51. while making payment to the Architect
    • 52. Deposited with IT Dept
    • 53. Certificate issued to the Architect
    • 54. By Architect
    • 55. While making payment to Consultants, Employees
    • 56. Deposited with IT Dept
    • 57. Certificate issued to the respective person
  • Annual Accounts
    • Capital
    • 58. Income & Expenditure
    • 59. Debtors & Creditors
    • 60. Profit & loss
    • 61. Computation of Income tax
    • 62. Advance tax
    • 63. Deposit or refund of tax
  • Service tax
    • Registration must
    • 64. for Architects having more than Rs 10 lakhs/ or as prescribed as annual turn over
    • 65. Payment & Collection
    • 66. Payable by client availing services of an Architect
    • 67. Collected by an Architect from his client
  • Service tax
    • Deposit
    • 68. Returns to be filed quarterly
    • 69. Deposit collected amount quarterly
    • 70. Delayed deposit attracts late fee, interest, penalty
    • 71. Deduct service tax paid to
    • 72. Consultants
    • 73. Telephone, courier, travel agent
  • Insurance
    • Professional
    • 74. Personal
    • 75. Proprietor / partner
    • 76. Employee
    • 77. Premises & assets
  • Provident Fund
    • For Partners
    • 78. For Employees
  • Presentation available onwww.slideshare.net/prmehta