Itr forms
This query is : Resolved
17 June 2019
I am a partner in LLP that has profits.
I am having long term capital gains.
Which form should be used for LLP and which form for personal
I am having long term capital gains.
Which form should be used for LLP and which form for personal
17 June 2019
can someone help me understand few things.
Is it mandatory for partners to receive interest from LLP on amounts spent for running of business?
I have LTCG of 45 L. If my share of profits exceed 10 L from LLP, will I have to pay 10% surcharge as it exceed 50L or is the profit from LLP doesnt count towards the limit of 50L for surcharge?
If so any way I can avoid this surcharge by not taking profits this year and pushing to next year as this high LTCG is only for this year
Is it mandatory for partners to receive interest from LLP on amounts spent for running of business?
I have LTCG of 45 L. If my share of profits exceed 10 L from LLP, will I have to pay 10% surcharge as it exceed 50L or is the profit from LLP doesnt count towards the limit of 50L for surcharge?
If so any way I can avoid this surcharge by not taking profits this year and pushing to next year as this high LTCG is only for this year
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