Fellow boarders,
Sooner I am going to take a franchisee of a reputed stock broker. I am confused as to how to start -- as a proprietorship or as an individual. How will my income tax liability be calculated and which ITR to be filed( in both the cases).
Plz help Urgent reply will be highly appreciated
Thanks in advance
Proprietorship or Individual both are same. In both status you have to file in ITR 4 for business Income.
agree with chitra. so, any option you select, your income will be taxed as per "tax slabs."
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