Comparison -Income Tax for Proprietroship and Partnership
Last updated at Dec. 16, 2024 by Teachoo
Chapter 7 Business Income-Patnership
How Many Pan Card and ITR in case fo Partnership
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Courses
Free Income Tax Certification Course
- Chapter 1 Introduction
- Chapter 2 Different Heads of Income
- Chapter 3 Different ITR Forms & Due Dates
- Chapter 4 Income Tax Rates
- Chapter 5 Income from Salary & Deductions
- Chapter 6 Business Income-Proprietorship
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Chapter 7 Business Income-Patnership
- Chapter 8 Income from House Property
- Chapter 9 Income from Capital Gain
- Chapter 10 Employee on Contract
Transcript
Comparison - Proprietorship Vs Partnership Proprietorship Only 1 Pan Card for Firm and ProprietorNormal Slab Rate Applicable Rebate of 12500 if Income between 250000-500000 Cess 4% Cess 4% Section 80C,80D,80G,80TTA Benefit Partnership Partnership Partnership Separate Pan Card for Firm and partners 30% Tax Slab Rate Applicable Tax to be paid Even if Income upto 250000 Suppose Income =100000 Tax =30000 No Rebate for Partnership Cess 4% No 80C,80D,80TTA (But 80G Applicable)
