Hello,I’ve following queries, might you please resolve some:
Can I register an organization whose sole function will likely be to commerce in FnO section and make investments cash in shares , with following situation :I would be the solely particular person transferring my cash to the corporate.I’ll rent myself as skilled to do some duties and firm pays my skilled charges.If sure, which firm is greatest to register ?
Thanks
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Like Berkshire Hathaway?
Properly, you can however in India, I feel you is likely to be categorised as an NBFC and lots of purple tape with RBI and possibly even SEBI would kick in.
Why make an organization and never simply commerce in your private identify? It might be extra tax environment friendly and offer you much less headache given that you’re the one particular person placing in cash.
skilled particular person pays tax on solely 6% of earnings upto 3 crores i.e. nearly 5.4 lakhs tax which is nearly nil, on 3 crore. so getting cash as skilled is tremendous tax saving.
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zhkas:
skilled particular person pays tax on solely 6% of earnings upto 3 crores i.e. nearly 5.4 lakhs tax which is nearly nil, on 3 crore. so getting cash as skilled is tremendous tax saving.
Is that this right @Jason_Castelino ?
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I feel you’re referring to Presumptive Taxation for Enterprise and Career.
That is 6% of TURNOVER – NOT PROFIT.
Jason_Castelino:
lol. I want it was.
Dude his assertion gave me a mini coronary heart assault i used to be like heinnn??? what the f am I finding out fir
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yeah, and for skilled, the receipts are turnover that are roughly equal to revenue