How to save tax in LLP?
LLP can save tax by paying partners' salaries, claiming deductions, [...]
Is profit from LLP exempt?
No, profit is taxable in the hands of LLP but [...]
Is balance sheet compulsory for LLP?
Yes, LLPs must maintain financial statements and file Form 8 [...]
Does LLP need to file a tax return?
Yes, an LLP must file an income tax return and [...]
Is tax audit compulsory for LLP?
Yes, if turnover exceeds ₹40 lakh or contribution exceeds ₹25 [...]
What is the tax rate for LLP?
30% on profits plus 4% Health & Education Cess.
What is the tax slab for LLP?
LLPs are taxed at a flat 30% + cess and [...]
Can there be a CEO in LLP?
LLP does not have a CEO, but partners can assign [...]
Can a salaried person start LLP?
Yes, but the employment agreement should be checked for any [...]
Can husband and wife form LLP?
Yes, a husband and wife can register an LLP together.