Tag Archives: #LLPtaxregime

How is LLP taxed in India ?

Limited Liability Partnership means

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 »

When is an LLP not tax transparent ?

LLP Taxation

When is an LLP not tax transparent   When is an LLP not tax transparent : Distinguished by its tax transparency, an LLP is widely acknowledged for its exemption from entity-level tax obligations, making it a unique form of business entity. Instead, the profits and losses of the LLP “pass through” to the individual partners,… Read More »