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LLP IS COVERED UNDER WHICH CATEGORY OF PERSON

3277 views 3 replies

veera

self

289 Points Posted on 11 December 2019

I am confuse in that case because it is a combination of both partnership and company.
Kindly clarify me.

Replies (3)

Kapadia Pravin

17264 Points Posted on 12 December 2019

Covered means eligible. is it what you mean ?

LIP deduction under 80C is available to Individual and HUF

veera

self

289 Points Posted on 12 December 2019

Not LIP it's Limited liability partnership Firm (LLP)

Kapadia Pravin

17264 Points Posted on 12 December 2019

LLP is covered under Category - Firm and ITR5 is required to be filed.

Partnership and LLP both are falling under same category of Person under ITax.

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