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

1. Professional Practice VII Setting up practice SCHOOL OF PLANNING AND ARCHITECTURE, NEW DELHI March2010

3. Space

4. Capital investment

5. Sources of funds

6. Organisation

7. Income Tax

8. Service Tax

9. Insurance

11. Partnership- only with Architects

12. Define share

13. Registration of firm

14. No Pvt Ltd or public Ltd company

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

24. Built up space

25. Movable

26. Computer, printer, plotter

27. Phone, fax

28. Interior, furniture

29. Storage

31. Own money

32. Soft loan

33. Bank loan

34. Subsequent requirements

36. Firm

37. Architect ( proprietor/partner )

38. Employees

39. Rate

40. As prescribed by law

41. Payable on

42. Profit

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

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

58. Income & Expenditure

59. Debtors & Creditors

60. Profit & loss

61. Computation of Income tax

62. Advance tax

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

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

74. Personal

75. Proprietor / partner

76. Employee