Period of payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 June 2013
What is the payment period of Service Tax in case of LLP?? i.e Quarterly or Six Monthly
Ganeshbabu K
(Expert)
20 June 2013
it is quarterly as same as normal partnership..
First proviso to Rule 6(1) states that partnership firm is required to pay tax quarterly. The rule does not specify whether the partnership is a partnership with limited liability or unlimited liability. Thus, both the partnership with unlimited liability governed by the provisions of Partnership Act, 1932 as well as LLP, both will have to pay tax quarterly.
Thanks & regards
Ganesh babu k
First proviso to Rule 6(1) states that partnership firm is required to pay tax quarterly. The rule does not specify whether the partnership is a partnership with limited liability or unlimited liability. Thus, both the partnership with unlimited liability governed by the provisions of Partnership Act, 1932 as well as LLP, both will have to pay tax quarterly.
Thanks & regards
Ganesh babu k
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Query on effect of registration of property
- Equity Share Sale and Purchase
- Number of years as per AS amortisation of Goodwill
- Additional trade name
- Whether output tax is taken credit by purchaser
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Visiting card purchase
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
