CA Roomi Gupta
17 May 2022
Your loan repayment history plays a major role in developing a good credit score. Multiple factors that may affect your credit score includes multiple loan, delayed payments, no loan etc. But yes your tax calculation get affected due to start of new business with salary income . For tax planning and calculation can connect us @ www.tarunguptaca.com or 9216216819.
CA Puja Sharma
18 May 2022
If you are becoming a partner in your cousin's business, you will be liable to pay taxes on the profits earned from the business. Further, if you are not getting involved in any way to trade, neither giving any guarantees or anything else other than your name for the company, you need not worry.
If you are nowhere linked to the brand from an ownership or control point of view, your CIBIL will not be affected.