Tax exemption
This query is : Resolved
02 April 2014
HI, One of my client is working as an employee in an MNC with salary of 12 lakhs. He has some business in private.he is earning approximately 3-5 lakhs per year. He want to register his business on his wife name either as a sole propritery or company to save the tax on his business income.Now if he register as a solepropritory what are the expenses he can claim towards his business income.and please suggest some tax saving techniques.
02 April 2014
if he is doing business with his wife name then he can claim exp. related to business in P& L a/c and can saveing u/s 80 C for tax savings.
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