Two or more Persons planing to run a Business they Must have a Deal between two Persons- That’s Called Partnership Deed. As Per Indian Partnership Act.
They Must have registered in respected Department(Registration Of Department Telangana).
After Getting registered Firm, They Obtain A Pancard For Opening A Current Account For Transactions legally.
You must be kept all your business transactions bills, vouchers, salaries, rents, fuel, power bills any other in record.
After A Financial Year They Shall Fill The Income Tax Returns(3.4 – As per income tax acts).
If Not Pentalys, And Personal Effects On Ur Records. For This CA Can Take Fee 12000/- Or More Depends On Your Company PROFILE(1-4-2019- 31-03-2019 A YEAR)