Limited liability partnership definition for income-tax purposes follows the incorporated statutory meaning rather than creating an independent tax definition. Section 58(11) of the Income Tax Act, 2025, adopts a cross-referential definition of limited liability partnership. For income-tax purposes, the ... Summary
Limited liability partnership definition for income-tax purposes follows the incorporated statutory meaning rather than creating an independent tax definition.
Section 58(11) of the Income Tax Act, 2025, adopts a cross-referential definition of limited liability partnership. For income-tax purposes, the expression carries the meaning assigned under section 2(1)(n) of the Limited Liability Partnership Act, 2008. The definition incorporates the limited liability partnership statutory meaning rather than creating a separate income-tax meaning.
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