The document outlines the essential steps for setting up a professional practice for architects, including capital investment, organization types, and space requirements. It details the tax regulations applicable to firms and individuals, such as income tax and service tax obligations, along with the necessary registrations. Additionally, it highlights financial management aspects like sources of funds and compliance with taxation requirements.

1. Professional Practice VIISetting up practiceSCHOOL OF PLANNING AND ARCHITECTURE, NEW DELHIMarch2010

2. Setting up practiceEstablishing firm

3. Space

4. Capital investment

5. Sources of funds

6. Organisation

7. Income Tax

8. Service Tax

9. Insurance

10. Provident FundEstablishing firmProprietorship

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 ArchitectSpaceDepends on size of an organisation