Comment on Account Opening Process - Corporate,Partnership Firm, & HUF

Davis commented on 07 Sep 2017, 10:37 AM

Hi Akshay,

Thanks for the response.

Just to clarify further, for partnership is the 30% tax is applicable for all the income including the capital gains also?

OR Long term Capital gains and Dividends are exempted as in case of individuals?

I have account as NRI and the TDS is deducted for the short term gains from the PIS. Is there any provision that i can ask for reimbursement or is it fixed at 15% without any allowance for reimbursement under any sections like 80C, 80D etc.

Idea was to have the partnership firm and and can give salaries to my parents so that amount paid as salaries can be shown as expenses and tax can be minimised.

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