can a group of 70 people start an LLP to invest long term in
bonds and shares with a startup capital of 70 lacs
(each investing 1 lac)?
need rbi’s NBFC status ?
will the gain be taxed as
capital gains or 33% as business income?
I’m not sure about need of NBFC status, but income would be taxed at 30% as business income as per Companies act. Check this for more information.