Finance Bill 2009 has brought LIMITED LIABILITY PARTNERSHIP (LLP) in line with Firm. This will enable the LLP taxed as a Partnership.
LLP form of organization will get the advantages of a Company and taxation advantage of Partnership. The profit of LLP will be taxed at firm level. The profit distributed to the partners will be Tax Free.
To know more about LLP registration, Conversion of Partnership / Company to LLP logon to www.companiesinn.com
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