LLP COMPLIANCE

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51 Points Posted on 15 June 2020
Compliance Regarding Income Tax Filing of LLP
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On 15 June 2020 at 20:18 Report
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LLPs are treated as partnership firms for income tax purposes. This means most provisions applicable to partnerships, excluding Section 44AD, also apply to LLPs. The current income tax rate for LLPs stands at 31.20%. It is mandatory for all LLPs to file their income tax returns.

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3235 Points Posted on 15 June 2020
In income tax LLP is deemed as partnership firm, all the provision and section except section 44AD applicable on partnership firm is applicable on LLP too.. rate of income tax on LLP is 31.20 % .
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On 15 June 2020 at 22:00
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51 Points Posted on 15 June 2020
Mandatory to file the income tax return for LLP
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On 15 June 2020 at 22:19

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