Business structure for rental income
This query is : Resolved
11 September 2023
My main source of income is rent via residential apartments that I own. I want to know if it is possible to register a Sole proprietorship or OPC and receive rental income through this entity. The purpose of this is to have some formality in terms of employment which is helpful for processes that require some proof of employment like visa approvals. Also, would this increase my tax liability?
CA R SEETHARAMAN
(Expert)
11 September 2023
OPC tax liability will increase.
Proprietorship and the individual present status is one and the same.
Proprietorship and the individual present status is one and the same.
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