Tax exemption

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shwetha (Querist)
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02 April 2014 HI, One of my client is working as an employee in an MNC with salary of 12 lakhs. He has some business in private.he is earning approximately 3-5 lakhs per year. He want to register his business on his wife name either as a sole propritery or company to save the tax on his business income.Now if he register as a solepropritory what are the expenses he can claim towards his business income.and please suggest some tax saving techniques.

Rupesh Jain

Rupesh Jain (Expert)
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02 April 2014 if he is doing business with his wife name then he can claim exp. related to business in P& L a/c and can saveing u/s 80 C for tax savings.

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