27 December 2012
if four people work in individual having turnover of 10 crores each, should they come together and form a pvt ltd company or not???? what are the pros and cons in forming a company as per income tax point of view???? note: the nature of business is a construction business
28 December 2012
To incorporate a Company or not is purely an individual matter.
Income Tax: In the case of Company the net income is taxable @ 30.9% at present. The Directors (four individuals) can write off their salaries as expenses.
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