Yahoo Web Search

Sign In

Search results

  2. People also ask

  3. www.incometax.gov.in › help › partnership-firm-llpPartnership Firm / LLP for AY 2024-25 | Income Tax Department

    Tax Slabs for Partnership Firm / LLP for AY 2024-25. For the AY 2024-25, a Partnership Firm (including LLP) is taxable at 30%. Surcharge, Marginal Relief and Health & Education Cess

  4. taxguru.in › income-tax › all-about-taxation-ofAll about Taxation of Partnership Firms / LLP - Tax Guru

    • Rate of Income tax applicable to Partnership Firm / LLP. Flat rate of 30% on the total income after deduction of interest and remuneration to partners/Designated Partners at the specified rates + Surcharge of 12% if Total Income exceeds 1 Crore and will be further increased by education cess secondary and higher education cess @ 3% on Income-tax (Wef A.Y.
    • Rate of Interest to Partners of Partnership Firm / LLP. from 1-6-2002. up to 31-5-2002. Simple Interest Rate. 18% p.a. 12%
    • Remuneration to Partners/Designated Partners 1. Payment of Remuneration to a non-working partner will not be allowed as a deduction 2. A ‘working partner’ is an individual who is actively engaged in conducting the affairs of the business or profession of the firm.
    • Conditions for assessment as a firm 1. The partnership should be evidenced by an instrument in writing specifying individual shares of the partners. 2.

  5. fintaxblog.com › income-tax-rates-partnershipIncome Tax Rates for Partnership Firms/ LLPs in India (AY ...

    Apr 1, 2023 · Income Tax Rates. A flat rate of 30% income tax is applicable for the partnership firms (registered or unregistered) and limited liability partnerships (LLPs) in India in respect of AY 2023-24. Surcharge Rates.

  6. taxguru.in › income-tax › taxation-of-limitedTaxation of Limited Liability Partnership (LLP) - Tax Guru

    Oct 7, 2020 · Page Contents. Tax Rates (For AY 2020-21) Tax Payment method. Return Filing Provisions. Due dates for filing of return. Computation of Income. Tax Rates (For AY 2020-21) Surcharge – 12 % (where taxable income including capital gain exceeds Rs. 1 crore). It is subject to Marginal relief.

  7. taxguru.in › income-tax › taxation-partnership-firmsTaxation of Partnership Firms and LLPs - Tax Guru

    Jan 6, 2020 · In this article, we look at the procedure of taxation of a Partnership Firm and LLPs. Page Contents. 1. Introduction. 2. Computation of Income of Partnership Firms and LLP’s. Other Points to be kept in mind-. 3. Tax Rates (For AY 2020-21) for Partnership Firms and LLP’s.

  8. taxguru.in › income-tax › llp-private-limitedLLP v/s Private Limited Company – Taxation Comparison

    Aug 29, 2020 · ♥ LLP: The Rate of tax applicable to LLP is flat 30%. For income tax purpose, LLP is treated at par with partnership firms. Surcharge: The amount of income-tax shall be increased by a surcharge at the rate of 12% of such tax, where total income exceeds one crore rupees.

  9. cleartax.in › s › limited-liability-partnershipLimited Liability Partnership (Amendment) Rules, 2022 - ClearTax

    The Limited Liability Partnership (Amendment) Rules, 2022 also added a new rule 19A. Rule 19A states about allotment of a new name to an existing LLP under Section 17 (3) of the LLP Act, 2008. Section 17 (3) was introduced by the LLP (Amendment) Act, 2021. Rule 19A states that in case an LLP fails to change its name according to the directions ...

  1. Searches related to what is the tax rate of llp in india for ay business loan

    what is the tax rate of llp in india for ay business loan is calledwhat is the tax rate of llp in india for ay business loan form
    what is the tax rate of llp in india for ay business loan calculatorwhat is the tax rate of llp in india for ay business loan is based
    what is the tax rate of llp in india for ay business loan is knownwhat is the tax rate of llp in india for ay business loan is referred
    what is the tax rate of llp in india for ay business loan applicationwhat is the tax rate of llp in india for ay business loan due
  2. People also search for