Trading under Partnership firm.

If i trade under LLP, i read that I’d need an NBFC license, but if i trade under a partnership firm is that okay to trade solely in F&O to reduce tax liability to 30% (+surcharge)

I understand that partnership firm has unlimited liability, but if i intend to trade alone and not take on any debt or more partners (other than a family member for formation) is it a viable strategy?

1 Like