Proprietorship or partnership
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2016
Dear All
For tax saving purpose weather propreitorship firm is batter or partnership if so? Please do expain why & how,
Thanks in Advance
Rohit Bansal
For tax saving purpose weather propreitorship firm is batter or partnership if so? Please do expain why & how,
Thanks in Advance
Rohit Bansal
CA Sumiit B Nagpal
(Expert)
23 September 2016
Prop. is better because the tax benefit would be available. Prop. would be taxed as individual as slab benefit would be there/available. Further you can claim deductions like 80C in case of Prop. whereas the firm would b taxed at flat 30% for every single penny of income. There is no slab taxation available in case of a firm.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
