Conversion of Company into LLP
This query is : Resolved
20 November 2010
If a company availing benefits of 80IC and other taxation benefits converts itself into LLP then whether the tax benefits like 80IC etc. can be availed by the LLP or not.
Please clarify the issue.
Please clarify the issue.
ravi taneja
(Expert)
24 November 2010
the word is written in section 80IC is assessee which also includes llp. so deduction should be available to llp subject to other sections.
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