proprietary stock trading firms
proprietary stock trading firms
tax on capital firm sales?
Hello: Can someone clarify whether a company can only be killed in an exchange of stocks and derivatives (owned) business (so that the main business of the company will trade). What kind of expenses can I put into this company (rent office, the depreciation of cars, some of my personal expenses?) And What is the tax structure of this company? Thanks, Prasant
All costs associated with trading activity is allowed as business expenses. You can not claim personal expenses. You can not take any salary from their own business. The tax structure will be only the individual state. Income from property companies be given income of the individual business or profession. Tax slab is the same as individuals (men / HUF 1.1 lakhs, 1.45 lakhs & Women Seniour Citizens Rs.1.95 lakhs). In this case must be assessemnt submitted by you and not your conern propritary can not file a tax on income. If you want to save taxes, then open the business in the name propritary his father or mother who seniour citizens over 65 years. You give credit to them. You can draw salary. This will be a good plan. Consult your tax adviser and plan it.
