Benifit under which form of orgnisation llp or pvt ltd
This query is : Resolved
21 November 2013
Sir,
Please provide the comparative details currently benefit ( deduction)available under Income Tax Act, to LLP and Pvt Ltd.
which form of orgnisation is least tax burden under Income Tax Act
Whether LLP or Pvt Ltd
Please provide the comparative details currently benefit ( deduction)available under Income Tax Act, to LLP and Pvt Ltd.
which form of orgnisation is least tax burden under Income Tax Act
Whether LLP or Pvt Ltd
22 November 2013
in terms of tax burden, while on income side, both LLP and Pvt Ltd face same tax burden. However, the key is on the distribution side. As on today, distribution of profits by a LLP is not taxable in the hand of the partners nor does it attract any distribution tax.
however, a private limited company is exposed to dividend distribution tax.
therefore, a LLP is still more tax efficient.
rest all remains same.
however, a private limited company is exposed to dividend distribution tax.
therefore, a LLP is still more tax efficient.
rest all remains same.
22 November 2013
you are welcome.
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