24 September 2017
I do intraday and earning well...Iam planning to register as sole proprietor and collect money from relatives and friends to invest hugh in intraday...my broker is ZERODHA... 1) IS their any complainces qnd rules I should follow from SEBI ? 2) is it good idea to have sole proprietor ? if not any idea please?? 3) what is the tax treatment from my side and in hands of friends who give me money??
24 September 2017
2. In the beginning, sole proprietorship is better. You may consider other options like Partnership firm or one man company as the business grows.
24 September 2017
3. You can show the money lent by friends as loan and you can claim interest expense for the loan. Your friends have to report such interest income in their return and pay tax on it
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