What is the difference between the following two options given the fact that Proprietor's personal income is clubbed with the Proprietory Firm's income when filing income tax return?
- Proprietory Firm A invests in mutual funds in it's name & generates short term return
- Proprietor of A invests in mutual funds in his/her name & generates short term return
If the income is clubbed, then STCG would also be clubbed. Doesn't make any difference.
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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Boutique Investment Bank & Transaction Advisory Firm
Gurgaon
CA
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CAclubindia
