Question

There are two members X and Y in a joint Hindu family having a capital of < 12,50,000. They can run a busi ness : (i) As a business of an individual joining other member as employee and money-lender or— If the business is run as HUF each member will receive < 1,50,000. (ii) As a HUF— If the business is run as of individual, the other member will receive salary of < 2,00,000 and in ter est @ 12% p.a. on < 6,25,000. Suggest which form of business organisation should be adopted from tax point of view. If expected business income is < 6,00,000

Answer 1

Answer:

3000+47968×74444 ok thanks