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                               Taxation Of Limited Liability Partnership (llp) India

       By CompaniesInn.com India Private Limited
       Dated: Jul 06, 2009

       Taxation of limited liability partnership (llp) india

       TAXATION OF LIMITED LIABILITY PARTNERSHIP (LLP) INDIA

        Finance Bill 2009 has brought LIMITED LIABILITY PARTNERSHIP (LLP) in line with Firm. This will
       enable the LLP taxed as a Partnership.

       LLP form of organization will get the advantages of a Company and taxation advantage of Partnership.
       The profit of LLP will be taxed at firm level. The profit distributed to the partners will be Tax Free.

       To know more about LLP registration, Conversion of Partnership / Company to LLP logon to
       www.companiesinn.com

        Revised definitions under Finance Bill 2009

        •Firm has the same meaning given in the partnership act and includes a limited liability partnership as
       defined in the Limited Liability Partnership Act, 2008
        •Partner have same meaning given in the partnership act and includes minters admitted to the benefits of
       partnership, a partner of a limited liability partnership as defined in the Limited Liability Partnership Act,
       2008
        •Partnership shall have the meaning assigned to it in the Indian Partnership Act, 1932, and shall include a
       limited liability partnership as defined in the Limited Liability Partnership Act, 2008

        CompaniesInn.com India Private Limited
        # 463, 10th Main | 13th Cross | Wilson Garden
        Bangalore—560 027 | INDIA

        Tel +91 80 4219 4109; +91 96633 29656
        E-Mail: info@companiesinn.com
        Web: www.companiesinn.com

       ###

       CompaniesInn.com India Private Limited, the First Online Company Registration Portal in India provides
       Company Registration Services in Bangalore, Delhi, Mumbai, Kolkatta, Chennai, Hyderabad and all other
       major Cities in India. For more information logon to www.companiesinn.com

       Category           Taxation Of Limited Liability Partnership (llp) In
       Tags               taxation of limited liability partnership llp india, taxation of llp india, llp taxation india
       Email              Click to email author
       Phone              08042194109
       Address            # 463, 10th Main | 13th Cross | Wilson Garden,
       City/Town          Bangalore
       State/Province     Karnataka
       Zip                560027


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Country            India




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