https://www.taxtmi.com/forum/issue?id=120278 Transfer of an LLP together with its assets and liabilities to a company may attract tax in the hands of the LLP, and TDS may also come into play depending on whether the buyer is a domestic or foreign company and whether the LLP is Indian or foreign. A suggested tax-efficient route is to convert the LLP into a private limited company, with all partners becoming shareholders, and then amalgamate it with another company; if the prescribed conditions are satisfied, proviso to section 47(vi) may apply so that no tax liability arises. en-us Tue, 22 Jul 2025 14:45:47 +0530 Sat, 09 May 2026 18:17:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120278 Transfer of an LLP together with its assets and liabilities to a company may attract tax in the hands of the LLP, and TDS may also come into play depending on whether the buyer is a domestic or foreign company and whether the LLP is Indian or foreign. A suggested tax-efficient route is to convert the LLP into a private limited company, with all partners becoming shareholders, and then amalgamate it with another company; if the prescribed conditions are satisfied, proviso to section 47(vi) may apply so that no tax liability arises. Discussion-Forum Income Tax Tue, 22 Jul 2025 14:45:47 +0530 https://www.taxtmi.com/forum/issue?id=120278