Under the Company form of Business, if One company owns Multiple restaurants, then will - Each restaurant be Taxed separately, or will - Only the Company get Taxed for all the restaurants ( as all the restaurants are the property of One company ) ?
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Query regarding tax under company form of business
Replies (1)
onl the comapny which owns all the restaurants will be taxed for all the restaurant.
However if the company is the holding Company which have many subsidairy restaurants then each restaurant will be taxed separately.
Same is the case if single comapany is the franchiser for all the restaurant.
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