LLP taxed in India LLP taxed in India: In the specific context of India, LLPs adopt an exceptional independent status for taxation purposes, preserving a distinct and separate identity from their partners. The taxation of LLPs in India come under the provisions of the Income Tax Act, 1961. Here are the key points regarding… Read More »
How LLP is taxed LLPs (Limited Liability Partnerships) are generally taxed as pass-through entities, meaning that the LLP itself does not pay taxes on its profits. “”Contrary to that, the LLP’s profits and losses pass through’ to the individual partners, who disclose them on their personal tax returns, creating a unique financial… Read More »
LLP in Hindi LLP कंपनी क्या है? (What is an LLP Company in Hindi?) Limited Liability Partnership कंपनी व्यापारी एकत्रित रूप से नियमित कारोबार चलाने के लिए एक विधि द्वारा प्रमाणित की गई संगठनिक एकता है। यह व्यवसायिक संगठन का एक प्रकार है जिसमें कम से कम दो या अधिक सदस्य होते हैं। इसके… Read More »
LLP Limitations Here are some common limitations associated with LLPs: 1. Formation Complexity: The process of forming an can be more complex and time-consuming compared to other business structures. It typically involves filing registration documents, preparing a partnership agreement, and complying with specific statutory requirements. The requirements for formation may vary by jurisdiction. 2.… Read More »
TDS compliance for LLP For a Limited Liability Partnership (LLP), compliance with TDS (Tax Deducted at Source) provisions is important to fulfill its tax obligations. Here are some key aspects of TDS compliance for an LLP: 1.TAN Registration: The LLP must obtain both valid Tax Deduction and Collection Account Number (TAN) from the tax authorities.… Read More »