Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Income-tax Act Section 35DDA amended: New rules for company reorganization into LLPs, effective April 1, 2011.</h1> Section 35DDA of the Income-tax Act is amended, effective April 1, 2011, to include a new sub-section (4A). This sub-section specifies that when a private company or unlisted public company reorganizes into a limited liability partnership (LLP) meeting certain conditions, the provisions applicable to the company will also apply to the successor LLP. Additionally, sub-section (5) is revised to extend its applicability to companies referred to in the new sub-section (4A), alongside firms or proprietary concerns mentioned in sub-section (4).