I am confuse in that case because it is a combination of both partnership and company.
Kindly clarify me.
Covered means eligible. is it what you mean ?
LIP deduction under 80C is available to Individual and HUF
3 Replies
veera
(self)
(289 Points)
Replied 12 December 2019
Not LIP it's Limited liability partnership Firm (LLP)
Kapadia Pravin
(17264 Points)
Replied 12 December 2019
LLP is covered under Category - Firm and ITR5 is required to be filed.
Partnership and LLP both are falling under same category of Person under ITax.
Partnership and LLP both are falling under same category of Person under ITax.
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