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Iamitahuja Authors Mitesh Patel

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Mitesh Patel
Mitesh Patel
@Mitesh_Engr
Pvt LTD : 25% tax
You can withdraw fund in form of salary and dividend only. Double taxation if withdraw after completion of financial year.

Partnership firm : 35% tax
Funds u can withdraw anytime. No double taxation even after completion of financial year.

Discussed with CA.

1. Make a Pvt Ltd Company.

Form a company with family members and trade under it. The family members should be directors of the company. Will explain why later.

Why form a company?
You will only need to pay 25% flat tax. Individuals have to pay 30% tax above 10 lakh profits.

— Aditya Todmal (@AdityaTodmal)
March 1, 2022


If any CA has more information they can update here.
I am moving ( principal capital) to partnership firm to avoid double taxation.

Only drawback is you have to pay more 10% tax but funds will remain on your name only and no double taxation in future. You can buy properties etc on your name.
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