QUESTION OF THE DAY: (1) What is the tax rate for a partnership firm? (2) What are the benefits associated with the Section 8 Company?





(1) The tax rate of a partnership firm is normally 30%

(2) A section 8 company is the corporate form of a trust or charitable society. The major advantage of section 8 company is that it can avail of the tax benefits of a charitable trust. Being in the nature of non profit organization, it has a better standing among the society which inturn increase the goodwill of the company.

For information on Company Registration, visit https://www.parpella.com/public-company-registrationa

Location: Kerala, India

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