Single proprietor running two different proprietary concern

archana pitti (accountant and auditor) (111 Points)

04 October 2015  

Hey Everyone,

Can anyone let me know k whether a single person can run two proprietary concerns, wherein both the concerns are not related. Its like one firms goods are taxed at 5% and whereas the other firms goods are taxed at 1%... Is a single person allowed to run two different proprietary concerns and taxed seperately.

 

Thanks & Regards,

Archana Pitti

(archanapitti775 @ gmail,com)