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 Koosylvia Myftp Infohost Https WwwBusiness Income & Receipts Tax BIRTServicesCity of 2021-2025

Pa Bir P1 Receipts Tax Make 2021-2025 Form

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so take out your notes I want us to discuss on the introduction to the business income I had already shared the notes now what's business income so now business income is among the specified sources of income which is taxable under Section 3 subsection 2 of the income tax and Abyss can be operated a business can be operated either as a sole proprietorship so various form of business a thing that a business can either be operated as a source for operatorship or a partnership or as a company now what's the difference between the three now for sole proprietorship and partnership there is no separate legal Identity or there is no separate taxable capacity from the owners that the sole proprietor or the partners but for a company a company is a a person in the eyes of the rules so that means we have a natural parcel we have an active person so a company is an artificial person in the eyes of the road and therefore there is a different taxable capacity between the company and

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