COMPARISION


Kamal Verma (Financial advisor)     21 September 2019

Kamal Verma
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Dear experts,

Let me help in calculating taxablity under partnership and in company 

suppose:

PARTICULARS COMPARISION OF TAXABLITY  
  PARTNER SHIP COMPANY
NP 100 LACS 100 LACS

How much income tax and dividend distribution tax to be paid by both the entity.

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Kapadia Pravin   21 September 2019

Kapadia Pravin

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Partnership - No DDT
Partnership - tax rate 30% + 12% SC if taxable income > 1 crore + Cess 4%

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Suresh Thiyagarajan (Student)     21 September 2019

Suresh Thiyagarajan
Student 
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1. Partnership firm does not have DDT and tax rate for the firm would be 30% plus surcharge (if income crosses Rs. 1 crore) plus Edu cess 4%. 
2. In your case since Net profit did not exceed Rs. 1 crore so it will be 30% plus 4%. 
3. In the case of the company for the FY 2019-20, the effective tax rate was revised recently @ 25.17 %. 
4. DDT for companies u/s 115-O will be 20.56% on the dividend declared. 
Please correct me if the above solution has an alternative view. 

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Kamal Verma (Financial advisor)     21 September 2019

Kamal Verma
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Which one is more beneficial in point of view of saving of tax?

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Kamal Verma (Financial advisor)     22 September 2019

Kamal Verma
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Which one is more beneficial in point of view of saving tax

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Kamal Verma (Financial advisor)     23 September 2019

Kamal Verma
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Originally posted by : Kapadia Pravin
Partnership - No DDTPartnership - tax rate 30% + 12% SC if taxable income > 1 crore + Cess 4%

Dear Praveenji,

 

Let me know which option is more beneficial in point of view of saving tax.


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