LLP COMPLIANCE

Compliance Regarding Income Tax Filing of LLP
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Quick Summary
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.

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 % .
Mandatory to file the income tax return for LLP

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