Regarding merging

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i
268 Points Posted on 13 July 2021

Is there any income tax liability to the partners while merging a llp with private limited company

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On 13 July 2021 at 20:35 Report
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This discussion addresses the income tax liabilities partners may face when merging a Limited Liability Partnership (LLP) with a private limited company. It confirms that tax liabilities can arise even when both entities have limited partner liability. The conversation also points to resources, including a YouTube video, for further information on the merits of such mergers.

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STUDENT
1631 Points Posted on 14 July 2021
In -Both have -Partners Liability is Limited.
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On 14 July 2021 at 01:18
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Chartered Accountant
24588 Points Posted on 14 July 2021
Yes tax liability will arise
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On 14 July 2021 at 05:49
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i
268 Points Posted on 14 July 2021

will you suggest any article/videos/online classes regarding the same.

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On 14 July 2021 at 09:03
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STUDENT
1631 Points Posted on 14 July 2021

LLP is also in Pvt Ltd -Entity with Firms and Companies Merits.

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On 14 July 2021 at 09:12
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STUDENT
1631 Points Posted on 14 July 2021

https://youtu.be/l0kGpL1SdZM

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On 14 July 2021 at 09:15
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Chartered Accountant
24588 Points Posted on 24 July 2021
Thanks balamurali
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On 24 July 2021 at 09:38

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