I have a business for eg business of film production in that I have various categories I.e. Webseries and Theatrical Release. post are different set of p&l.
whether I should open two divisions under one company or have two separate companies for each business??
what should I do to have more tax benefits and less complaince.
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Tax and compliance
Replies (1)
For tax prospective there will be no difference of your total tax liability in either option (open one company or two)
For compliance prospective one company is better with adopting smart financial and cost accounting setup (I. E. separate income and expanses recording for each)
Also consider the total turnover criteria before reaching any decision (msme criteria)
For compliance prospective one company is better with adopting smart financial and cost accounting setup (I. E. separate income and expanses recording for each)
Also consider the total turnover criteria before reaching any decision (msme criteria)
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