Please Help: HUF OR PARTNERSHIP
Posted Date : 10-Jan-2014 , 01:47:32 pm | Posted By: CASANSAAR
Category :
Income Tax | Answers :
0|
Comments :
2| Hits: 299
|
|
MR A & MR B ARE TWO BROTHERS CARRYING ON A JOINT BUSINESS. ITR IS FILED AS PROPRIETOR FIRM. NOW THEY WANT TO CONVERT SAME BUSINESS TO HUF OR PARTNERSHIP, BUT THEY ARE CONFUSED WHICH IS BEST FOR TAX POINT OF VIEW & FUTURE SAFETY OF TWO BROTHERS. |
 |
|
|
|
| Comments |
| Posted By : Preet Kamal |
11-Jan-2014, 10:56:22 |
| IF YOU THINK FROM TAXATION POINT OF VIEW THEN HUF IS BETTER AS SLAB RATE IS SAME FOR HUF AS WELL AS INDIVIDUAL. |
| |
| Posted By : |
11-Jan-2014, 10:21:06 |
| HUF is better.. but before that get confirm, whether Brother covered under HUF definition |
| |
|
|
|
|
