Tax Planning
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 April 2010
one person is manufacturing goods and paying high income tax. so he wants to do tax planning. He wants to open another business to which manufactured goods will be supplied for reselling and dividing profit into two business name (owner of new business is his wife) and thereby lowering income tax payment. Can he do so????
CA. Ashish Bihani
(Expert)
17 April 2010
yes...
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