Limited Liability Partnership Income Tax India

Post formation of LLP, the partners require to enter into an agreement, which is to be filed with the registrar of firms inside 30 Days of LLP Registration. Restricted, to the extent their contribution towards LLP, except in case of intentional fraud or wrongful act of omission or commission by the companion.With its distinctive benefits, all partners in an LLP enjoy a kind of LLB protection inside partnership as well as it is also comparable to the shareholders of the private limited firm.This is mainly because all the documents for LLP are filed on-line and are essential to be digitally signed.

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