Partnership firm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 December 2014
i have servicing company as proprietor but now i think to trfed this co to partnership firm with my mother who is senior citizen. Pls let me know what is advantage to trfed co in partnership firm.
16 December 2014
No any specific advantage as you are inducting your family member. On the other hand, disadvantages could be many. Income tax slab rate become 30%
Other legal heirs of your mother may have indirect interest and so on.
Other legal heirs of your mother may have indirect interest and so on.
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