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NOTTAM VENKATASAMY (Querist) 25 October 2012 This query is : Resolved
ONE PERSON START A BUSINESS AS PARTNERSHIP FIRM. ANY TAX BENEFIT BETWEEN SOLE PROPRIETOR AND PARTNERSHIP.

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Sailesh Kumar Shah (Expert) 25 October 2012
partnership firm have to pay more tax then proprietor firm as current provisions of the income tax act.

Arun Kumar Bhagat (Expert) 25 October 2012
Profit/Income will be divided according to ratio. Less Income so less income Tax.

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