Income tax benifit
Querist : Anonymous
1) If you go for proprietorship, than the income from that will fall into slab of 10,20 and 30%. However you will be not be eligible for getting deduction for any remuneration received by you.
2) If you go for company, than remuneration will be allowed, however the income will directly be taxable at 30%.
Hence in my opinion, if the Profit is more than 10 lakhs in a year, than you should go for company, otherwise go for proprietorship firm
I also agree with Mr. Roshan
Querist : Anonymous
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