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Tax treatment of LLP

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(Querist)
17 May 2009 Dear Sir

How the LLPs are going to be taxed?
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Ca Anand Dubey

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Ca Anand Dubey (Expert)
17 May 2009 LIKE PARTNERSHIP FIRM
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
17 May 2009 Not yet clear. We are expecting some changes in Income Tax Laws wrt taxation of LLPs, likely to come in the coming budget of the new govt. But, right now, picture is not clear whether it shall be taxable like partnership firms or companies.
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Ankur Garg

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Ankur Garg (Expert)
18 May 2009 Agree with Expert Tarun. Things are yet to clarified from the deptt.
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