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Tag Archives: LLP
No Objection Certificate for conversion of Investment Company into LLP
The Limited Liability Partnership Act, 2008 (herein after called “Act”) has brought a new kind of business vehicle in the Country called LLP, allowing small business and entities to carry on business under a flexible business model. The Act is silent … Continue reading
Posted in Company Law, Income Tax, Investment in India
Tagged Conversion, Investment Company, LLP, NOC, RBI
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Tax Provision on Limited Liability Partnership propsed in Budget 2009
The Budget 2009-10 has introduced the provisions regarding taxation aspect of the newly introduced form of business Limited Liability Partnership. As per the Budget 2009-10, LLP will be treated as Partnership firms for the purpose of Income Tax and will … Continue reading
