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benefits of forming a company over partnership firm

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(Querist)
11 October 2008 what are the benefits of formation of a company than a partnership firm/proprietory conern????
what are the other benefits under various laws?????
spcifically for Income Tax Act
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Deepak Agrawal

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Deepak Agrawal (Expert)
13 November 2008 Uniformity & systematic automatically comes in operation of business as one will have to follow Companies Act.
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