benefit
This query is : Resolved
22 April 2009
I just wanted to know from taxation point of view, is setting up a company or Partnership Firm or LLP better.where we can take maximum tax advantage
26 April 2009
Rate of taxation of a company or firm or LLP is same.
The fundamental benefit a person has with firm or LLP is that income received by partner from firm, that is not taxable in the hand of partner as partner and firm are not separate persons. However, when an shareholder receives income (divident) from company, it is again taxable.
The fundamental benefit a person has with firm or LLP is that income received by partner from firm, that is not taxable in the hand of partner as partner and firm are not separate persons. However, when an shareholder receives income (divident) from company, it is again taxable.
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