TAX PLANNING FOR NEW BUSINESS
TAX PLANNING FOR SETTING UP OF A NEW BUSINESS When a person decides to set up a new business he has to consider a number of factors, namely the nature & size of business, location of business , the amount of capital required & means to raise it, risk bearing capacity of entrepreneur ,form of business organisation from the point of view of stability, cost, legal requirements & ease of operation from the stand point of management. Apart from these consideration in the present era high income tax everybody has to consider tax effects of the following. 1.Nature & size of business 2.Location of business 3.Form of business organisation. 1.Location , nature and size of business : The following tax benefits are available under income tax Act . Agriculture income is fully exempt. Income from newly established units in SEZ , is e...