He may form a partnership with his spouse. Profits from partnership is exempt.
Mihir
(Wealth Manager)
(5293 Points)
Replied 29 March 2014
He may form a partnership with his spouse. Profits from partnership is exempt.
Govardhana Reddy N
(Chartered Accountant)
(97 Points)
Replied 02 April 2014
Originally posted by : Mihir | ||
He may form a partnership with his spouse. Profits from partnership is exempt. |
We have to pay tax for the partnership firm. Means we are not getting the benefit here.