Dear Sir, One of my client wants to open college. Which option is good Pvt Ltd or trust .
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Pvt ltd or trust
Replies (6)
Obviously Trust.
It is advisable to form a Trust in the above case.
Regards,
Devendra Kulkarni
yes ,no doubt "trust."
why trust, kindly elaborate the pluses of trust. thanx in advance
100 % TRUST ! I NEVER HEARD THE NAME OF COLLEGE ENDING WITH PVT. LTD.
| Originally posted by : Parashar | ||
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why trust, kindly elaborate the pluses of trust. thanx in advance |
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The most important reason is Tax sheter in the form of SEC-11 & 12 exemptions under Income tax Act,
Allmost all School ,College, Universities & Educational Institutionin India were paying almost 0 tax liability using these two section.
But the sad part is now these kind of exemptions are used as loopholes for tax evasion..
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