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Why an LLP over a company may be a better option for start-ups?

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Why an LLP over a company may be a better option for start-ups?

With lesser compliances required and lower costs incurred, LLPs are an easier route to set up a business in India as against a private limited company.

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Freelancers can deduct these expenses to cut tax outgo

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Freelancers can deduct these expenses to cut tax outgo

Income tax law imposes tax on profits & not income. Thus, out of income earned, freelancers can deduct business expenses to calculate the profits and pay tax on such profits.

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