Proprietorship or partnership
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2016
Dear All
For tax saving purpose weather propreitorship firm is batter or partnership if so? Please do expain why & how,
Thanks in Advance
Rohit Bansal
For tax saving purpose weather propreitorship firm is batter or partnership if so? Please do expain why & how,
Thanks in Advance
Rohit Bansal
23 September 2016
Prop. is better because the tax benefit would be available. Prop. would be taxed as individual as slab benefit would be there/available. Further you can claim deductions like 80C in case of Prop. whereas the firm would b taxed at flat 30% for every single penny of income. There is no slab taxation available in case of a firm.
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