The ministry of corporate affairs has said that out of the eight lakh companies in India, a large chunk of them would be interested in getting converted into limited liability partnership (LLP) once a suitable tax structure for LLP is brought in. "We are getting enquiries from thousands of companies every week who are interested in LLP and are waiting for its tax-structure. The tax-structure would be provided in the next Finance Bill by the ministry of finance and once this is through, then large numbers of companies are going to convert into LLP'".
Menu
Tax gains, easy compliance set to make LLP popular
Replies (3)
Thanx for sharing
Really a valuable sharing. But tax structure for LLP is a big Question Mark.
In fact MCA officials are not sure about the proposed tax structure for LLP and its announcement date. Well lets hope for the best...
Thanx for sharing...
AGREE WITH ANKUR AND THANKS FOR NEWS
Recent Topics :
- Query on scenario related to FAST DS 2026
- Audit Executive (Remote, India) - Ace Auditing Off
- GST Transaction On Used Clothing
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
Related Topics :
CAclubindia
