Tax Consultancy firm (Sole Proprietorship Firm)
I am Ruchi, just completed my LLB and enrolled as an Advocate in Bar Council.
I want to form a Tax Consultancy firm (Sole Proprietorship Firm) on full time service basis.
Proposed Firm Name as: “Gayatri Associates” – Tax Consultants
Court of Practice : Income Tax Department, Service Tax Department, VAT (Sale Tax) Department, Income Tax Appellate Authorities, CESTAT Tribunal & VAT (Sale Tax)Tribunal only.
I am planning to get registration with local authorities (Shop & Establishment Authorities) & Service Tax Department only when I reach Rs.10 Lac gross receipt in any forthcoming Financial Year.
I am planning to get print Professional Fee -Invoice receipt book containing details of my own PAN Card details being a Sole Proprietorship and my advocate bar council registration number details, too.
My questions are:-
1. Is there any restriction from Bar Council of India or State Bar Council for forming Tax Consultancy Firm (as Sole Proprietorship firm) for an Advocate?
2. Can I use my daughter name as my Firm Name?
3. Do I need any registration with Bar Council of India or State Bar Council, separately in name of firm?
4. Any other additional personal details like to suggest for Professional Fee – Invoice Receipt for Client?
Your reply is very helpful to me.