https://www.taxtmi.com/article/detailed?id=13397 Choice of business entity depends on tax regime: LLPs face a flat income tax rate with surcharge and cess, AMT with carryforward credit, partner-level allocation without dividend distribution, and deductibility for partner remuneration and interest. Private limited companies qualify for lower corporate tax regimes, face MAT on book profits with carryforward credit, and distribute dividends taxed in shareholders' hands, while accessing deductions and incentives for depreciation, R&D, and startups. en-us Sat, 25 Jan 2025 11:42:04 +0530 Sat, 25 Jan 2025 11:42:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13397 Choice of business entity depends on tax regime: LLPs face a flat income tax rate with surcharge and cess, AMT with carryforward credit, partner-level allocation without dividend distribution, and deductibility for partner remuneration and interest. Private limited companies qualify for lower corporate tax regimes, face MAT on book profits with carryforward credit, and distribute dividends taxed in shareholders' hands, while accessing deductions and incentives for depreciation, R&D, and startups. Articles Limited Liability Partnership - LLP Sat, 25 Jan 2025 11:42:04 +0530 https://www.taxtmi.com/article/detailed?id=13397