Hello , I have a query regd. taxation of business income. Consider the following : - Income is generated from trading in stock markets ( derivatives segment ), hence the income is categorized as business income. - Currently all transactions are done from my personal account. I would like to share the income with my mother to lower total tax outgo. - I thought of forming a partnership firm with myself and my mother as partners and trading from the company's account. But I read somewhere that a flat 30% tax is applicable on the company's income. - In the above case, a better option is to trade with 2 different trading accounts where each one of us would be paying tax as per their personal tax bracket they fall into. Is forming a company better option ? Or in my case, trading individually is better tax wise (assuming I can still claim expenses occurred while conducting the trading business ) ? Kindly suggest which option would be better to save tax. Thanks in advance!