Conversion to limited liability partnership excludes successor LLP from specified corporate tax provisions after conversion. Amendment provides that where a private company or unlisted public company is converted into a limited liability partnership under the Limited Liability ... Summary
Conversion to limited liability partnership excludes successor LLP from specified corporate tax provisions after conversion.
Amendment provides that where a private company or unlisted public company is converted into a limited liability partnership under the Limited Liability Partnership Act, 2008, the successor limited liability partnership shall not be subject to the specified corporate tax provision; the terms "private company" and "unlisted public company" are to be understood as defined in the Limited Liability Partnership Act, 2008.
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