Best option

Kamal Verma (Financial advisor) (582 Points)

13 July 2019  
Dear experts, Presently we are running business in partnership firm but rate of income tax chargeable to partnership firm is 30%+cess+sc @ 12%(if income more than 01 crore). But tax rate for corporate entity is 25% + sc @ 7% if income is more than 01 crore. Kindly advise whether we should create company for least tax purpose.