Formation of Personality development institute
This query is : Resolved
28 March 2011
Hi
I want to open an educational institute which provides Personality Development training to its students ? Can somebody suggest - Which form of the organization (a proprietorship , company )is it beneficial to form so as to reduce my tax burden ? What benefits can i avail under the Income tax /service tax?
I want to open an educational institute which provides Personality Development training to its students ? Can somebody suggest - Which form of the organization (a proprietorship , company )is it beneficial to form so as to reduce my tax burden ? What benefits can i avail under the Income tax /service tax?
CA Chandresh Agrawal
(Expert)
29 March 2011
I think at initial level proprietorship is much better because u get benefit of basic exemption limit which is not available to firm or company.
Wish u Best of Luck..........
Wish u Best of Luck..........
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