What are advantages of OPC vs sole proprietorship for an individual offering IT services to foreign clients? Thanks sir :) Which should one prefer ?
Christine Diaz (132 Points)
28 June 2021What are advantages of OPC vs sole proprietorship for an individual offering IT services to foreign clients? Thanks sir :) Which should one prefer ?
CA Altamush Zafar
(GST Consultant)
(15961 Points)
Replied 28 June 2021
CA Puja Sharma
(Chartered Accountant)
(4978 Points)
Replied 28 June 2021
Yes, i will agree with Mr. Zafar. Further there is tax benefit also if you conduct your business as a sole proprietor because slab rate will apply upon you.
i am Kashif
(372 Points)
Replied 29 June 2021
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)