I am a partner in LLP that has profits.
I am having long term capital gains.
Which form should be used for LLP and which form for personal
2 Replies
Sunil
(manager)
(149 Points)
Replied 17 June 2019
thanks,
can you help me understand few things.
Is it mandatory for partners to receive interest from LLP on amounts spent for running of business?
I have LTCG of 45 L. If my share of profits exceed 10 L from LLP, will I have to pay 10% surcharge as it exceed 50L or is the profit from LLP doesnt count towards the limit of 50L for surcharge?
If so any way I can avoid this surcharge by not taking profits this year and pushing to next year as this high LTCG is only for this year
Recent Topics
- GST ON REIUMBURSEMENT ENTRY ON GST PORTAL
- Missing invoice in gst
- GST on consultancy
- Linking adhaar to UAN without employer
- WHETHER ITC REVERSAL TH. GSTR 3B OR DRC03
- Advance Tax For Freelancers
- Is fvu 8.8 version available ?
- Interest and penalty on advance tax shortfall
- Joint Account with 3 legal heirs.......
- TCS adjustment
Related Threads
CAclubindia
