Regarding merging

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

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Quick Summary
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.

In -Both have -Partners Liability is Limited.
Yes tax liability will arise

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

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

https://youtu.be/l0kGpL1SdZM

Thanks balamurali

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