Taxability of llp

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Ramesh

Ramesh (Querist)
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17 May 2012 Dear All,
Please let me know how the income of LLP is assessed.
Thanks
Ramesh

vignesh

vignesh (Expert)
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17 May 2012 Dear Ramesh,

The income of LLP is assessed like a company only. The directors salary would be as mentioned in the agreement. MAT also applicable.

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Taxability of llp

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