Partnership
This query is : Resolved
Priyam Gupta
(Querist)
05 January 2012
sir,
i would like to know that what are the benefits of partnership so far as income tax is concerned Vs sole proprietorship business???
In my opinion through partnership we are paying more tax.
i would like to know that what are the benefits of partnership so far as income tax is concerned Vs sole proprietorship business???
In my opinion through partnership we are paying more tax.
CA PARAS BAFNA
(Expert)
05 January 2012
Your view may be correct when the profit under consideration is below one million.
At higher profits, P. Firm may be more beneficial.
.
At higher profits, P. Firm may be more beneficial.
.
Priyam Gupta
(Querist)
08 January 2012
thanks a lot sir
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