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LLP taxation in india

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(Querist)
16 April 2010 how is the llp taxed in india?
Whether LLP is taxed as a whole and the designated partners share is not taxed or the LLP is not taxed and the individual partners are taxed?

please confirm

Ganesh
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
16 April 2010 The Finance (N0.2) Act,2009 has provided the provisions for taxing LLP'S which are similar to that of taxation of partnership firms.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
16 April 2010 agreed same provision as P. firms
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