Dear Members,
If an employed salaried person interested in starting his side business say selling baby products online as Sole Proprietorship..then How the Income will be taxed..
or the person should go for OPC or LLP??
Thanks
Swati Sharma (TRAINEE) (328 Points)
26 December 2017Dear Members,
If an employed salaried person interested in starting his side business say selling baby products online as Sole Proprietorship..then How the Income will be taxed..
or the person should go for OPC or LLP??
Thanks
kumar
(CA-Final)
(113 Points)
Replied 26 December 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171414 Points)
Replied 26 December 2017
Not mandatory to form OPC or LLP. Proprietorship may be OK, provided no objection from employer to do side business.
The income will be assessed under PGBP (may be under sec. 44AD)
Jenil Shah
(132 Points)
Replied 26 December 2017
Jenil Shah
(132 Points)
Replied 26 December 2017
Tarun Gogini
(2 Points)
Replied 27 December 2017
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)