tax planning
This query is : Resolved
13 September 2008
Whether a company is beneficial to form or a partnership firm under the following circumstances.
Unit is to be established in SEZ where 100% exemption is there and unit intends to distribute it`s profits to promoters/partners.
As far as my opinion is concerned,partnership firm is better becoz in company case,dividend distribution tax is applicable.
Answer this query
Unit is to be established in SEZ where 100% exemption is there and unit intends to distribute it`s profits to promoters/partners.
As far as my opinion is concerned,partnership firm is better becoz in company case,dividend distribution tax is applicable.
Answer this query
13 September 2008
I AGREE WITH YOUR FINDINGS.
13 September 2008
PARTNERSHIP FIRM WILL BE BETTER
16 September 2008
But Banks prefer companies because dissolution cannot go ahead without court interference.
If have all the capital from your internal accruals and If you think you need not go for loan then firm is tax efficeint.
If have all the capital from your internal accruals and If you think you need not go for loan then firm is tax efficeint.
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