Suitability of proprietorship & partnership
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 August 2014
An assessee has partnership firm having 3 partners and a sole trading concern.Audit u/s 44AB is applicable to both.Assessee wants to continue only one entity.Which one should be continued?
19 August 2014
1. rate of tax of partnership firm is higher than proprietorship.
2. there is pooling of resources in partnership.
so you have to choose on the basis of your need.
2. there is pooling of resources in partnership.
so you have to choose on the basis of your need.
19 August 2014
1. rate of tax of partnership firm is higher than proprietorship.
2. there is pooling of resources in partnership.
so you have to choose on the basis of your need.
2. there is pooling of resources in partnership.
so you have to choose on the basis of your need.
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