We run a Private Limited Company (Partnership) and as the business is growing we want to expand the business but there is a space constraint in our exiting unit so there is no option but to budge to a new location.
Now there are two options :-
1) To Form a company on new land with New name
pros - All new companies formed after oct 2019 come under new tax Slab ie 15% (currently we are 25%) also we can go through Subsidy
cons - but we have to bring up capital from our own pockets
2) To Form a company on new land by starting the new unit under exiting pvt company
Pros - The exiting plant can sponsor the new unit thus it will show up in expenses of balance sheet hence save tax
Cons - We cannot apply for any subsidy also we would still remain under 25% slab
i want solution wherein we can undergo subsidy come below 15% slab also the funds can be sponsored by the exiting unit
CAclubindia
