14 April 2013
Dear Madhu In terms of Income Tax benefit it does not seems any benefit on forming Pvt. Ltd. Co. but in context of other benefits, there are lots of benefit of forming a Pvt. Ltd. Co. over Partnership Firm Like:
1. Corporate Status. 2. Easy Loan Funding. 3. Easy Fund Raising. 4. Limited Liability of Shareholders. 5. Continuity of business. 6. Min. 2 Shareholders can start. 7. Wider scope of business expansion.
CAclubindia
