Multiple business units

Is it allowed to have multiple business units under 1 private limited company? Is it mandatory to split business unit transactions/incomes? I have 3 business units property income, software income and trading income. Is there a combined tax implication or should I pay income tax on individual business units? Is there a special provision in income tax act which prescribes premises income to be sperated and calculated income tax seperately?

 

Any thoughts. Appreciate early response and advance thanks.

 

 

Replies (2)
Income tax has to be paid combinedly by a pvt. ltd. Co. for all the business units but under diff. sources of income. Property income under income from house property if it is rental income otherwise business if business is of purchase & sale & others as business income & if possible records should be separately maintained for all the businesses
Originally posted by : CB Ayer

Is it allowed to have multiple business units under 1 private limited company? Is it mandatory to split business unit transactions/incomes? I have 3 business units property income, software income and trading income. Is there a combined tax implication or should I pay income tax on individual business units? Is there a special provision in income tax act which prescribes premises income to be sperated and calculated income tax seperately?

 

Any thoughts. Appreciate early response and advance thanks.

 
Thanks for the reply. Can I set off annual business losses against other business units?  Say loss from trading against profit from rental income? NOT long term capital gains.

Thanks again
 

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details