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How is Limited Liability Partnership (LLP) is Taxed?

January 17, 2010

The Limited Liability Partnership Act, 2008 has come into effect in 2009. LLP Rules and forms have been notified w.e.f. 1st April, 2009, The Finance No.2 Act, 2009 has incorporated the taxation scheme of LLPs in the Income Tax Act. It is same patters as in partnership firms i.e. taxation in the hand of the [...]

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How to Incorporate a New LLP (Limited Liability Partnership)

June 9, 2009

How to Incorporate a New LLP
A Limited Liability Partnership (LLP) may be incorporated as per the procedure explained below:
User Registration

Register yourself on the website of Ministry of Corporate Affairs, developed for LLP services, i.e. www.llp.gov.in . This website may also be accessed through the website of the ministry www.mca.gov.in On the home page [...]

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All About LLP in India | Limited Liability Partnership of India

April 10, 2009

A limited liability partnership (LLP) in india is similar to a general partnership, except the partners are not personally liable for negligent acts conducted by other partners or employees not under their supervision. This is different from a general partnership, in which each partner is liable for the debts and obligations of the business as [...]

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