Coaching centre
This query is : Resolved
20 August 2015
Hi,
We are 2 partners has taken a franchisee of CA coaching classes.What will be the best to register it as a partnership firm or LLP?
How will the income taxed ? Plus we will also have to pay service tax?
We are 2 partners has taken a franchisee of CA coaching classes.What will be the best to register it as a partnership firm or LLP?
How will the income taxed ? Plus we will also have to pay service tax?
Nikhil Kaushik
(Expert)
20 August 2015
dont take LLP route...leads to higher taxation and compliance costs. service tax will apply depending upon turnover.
20 August 2015
Thanks for your valuable input but what is the best possible way ? How should this be registered ?
Could you also elaborate the tax implication you mentioned.
Could you also elaborate the tax implication you mentioned.
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