Comparision among sole proprietor/ llp /pvt limited co
This query is : Resolved
24 September 2014
Which Business Structure is preferred from tax point of View among Sole Proprietor/LLP/ Private Limited Company
24 September 2014
From tax point of view it will be 'Sole proprietorship'.
25 September 2014
thanks... but why not LLP is preferred , it gives limited liab feature and there is saving of tax also
25 September 2014
How tax saving ??
There is no exemption limit (which is there in case of sole proprietor i.e. Rs.2.5 lacs) and tax rate for LLP is fat 30%
There is no exemption limit (which is there in case of sole proprietor i.e. Rs.2.5 lacs) and tax rate for LLP is fat 30%
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