26 July 2023
Sir, I want to open a LLP company with 3 members of different %age sharing. My query is; Objective of this LLP will be Stock trading;
1) Salary paid to all 3 members of LLP taxable slab? 2) Profit balance with LLP after salary paid to Members tax slab rate? 3) Example of expenses to make balanced taxable income to non taxable? 4) Change in %age of Sharing / capital by Members; how to amend?
26 July 2023
1 Respective slabs applicable to the members. 2 30% tax payable. 3 Actual expenses like office rent, office expenses etc. 4 Make fresh agreement and file it with MCA portal.
CAclubindia
