Llp

Vineet Agarwal (Chartered Accountant) (87 Points)

11 October 2011  

 

 

Hello Everyone,

 

Can anyone help me in this regard?

 

I have a LLP. If a LLP gains profit of Rs.1Crore.The LLP pays tax @ 30.90%.

 

What will happen to the balance amount?

1)      Will it be disturbed among the partners,

2)      If yes, whether the same is exempted?

3)      IF the partners are Companies,whether the disturbed amount will be taken for MAT?

 

Please Guide?