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Regarding PGBP INCOME
suppose Mr. A is being assessed for his business income under head PGBP since inception. Now his son also joins business with his father. Can he also be assessed for the same business???
Replies (3)
Yes, if same nature of business....
But not for same proprietorship !!!
but business is of proprietorship nature.
then in what head son will be assessed sir
then in what head son will be assessed sir
When son has no separate business entity, how can he earn income?
So, establish separate business entity or work as employee....
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