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Sole properiotor or partnership

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ca final student
99 Points Joined August 2014
what is the procedure if business having turnover more than 5 crores wanted to shift from sole properiotor to partnership....which is better sole properiotor or partnership..what are tax benefits
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On 18 January 2021 at 22:08 Report
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Chartered Accountant
86505 Points Joined April 2011
In my opinion proprietorship is better.
In partnership you have to pay tax @ 30% while in proprietorship you have to pay aa per Slab rate
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On 19 January 2021 at 03:28
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ca final student
99 Points Joined August 2014
Thnk you rashmi gandhi
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On 19 January 2021 at 16:23
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Chartered Accountant
86505 Points Joined April 2011
Welcome.... My pleasure....
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On 20 January 2021 at 22:03

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