I want to have a franchise of respected brand. Till now I have not created any firm. I should have franchise as firm or as individual? If business is near about 7-10 lakhs per year. what will be beneficial from the point of view of INCOME TAX????
jeet (student) (42 Points)
11 October 2013I want to have a franchise of respected brand. Till now I have not created any firm. I should have franchise as firm or as individual? If business is near about 7-10 lakhs per year. what will be beneficial from the point of view of INCOME TAX????
Mihir
(Wealth Manager)
(5293 Points)
Replied 12 October 2013
If you are alone then proprietorship concern, and if you have a partner, then partnership firm.
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