Jointly run tution centre


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Querist : Anonymous

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Querist : Anonymous (Querist)
10 November 2014 I and my brother jointly run tution centre and annual income is around 700000 Kindly suggest a way to minimize our tax liabilities.

Should me divide total income between us and then should we file separate income tax return ?

10 November 2014 Ye you can do so. Better if you could bear 2 different names for their coaching classes........say Sunil Classes and Anil classes...or some thing on similar lines.

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 November 2014 Sir , our coaching centre name is Aptitude Adda. Is there any problem if we continue with this name ?

According to you , we should change our classes name

10 November 2014 Not at all.....continue with the same name. My contention is there should be 2 trade names, one in the name of one brother and another in the name of another brother.

Rupesh Jain (Expert)
10 November 2014 YOU CAN DO TUTOIN WORK WITH INDIVIUALY NAME


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