TaxTMI 
TaxTMI 
Income tax implication on sell of LLP
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....ncome tax implication on sell of LLP<br> Query (Issue) Started By: - Sanjay Lunia Dated:- 22-7-2025 Last Reply Date:- 9-5-2026 Income Tax<br>Got 1 Reply<br>Income Tax<br>I am having LLP in which I hav....
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....e under construction property. If I sell the LLP either to company or Individuals then who is liable to pay taxes? As per my understanding it is partner who is liable to pay tax. Tax would be....
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.... capital gain either short term or long term depends on number of months of holding (if more than 24 months then long term else short term) Rate of tax would be 12.5% in case of Long term and slab ....
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....rate in case of short term. I request the member, please either confirm or enlighten my understanding. Thank you for your support and advice. Reply By FCA Adv amit aggarwal: The Reply: if L....
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....LP (with assets and liabilities) is transfer to company then LLP shall have to pay tax. in such a case TDS can came in picture but it depends upon buyer is domestic/ foreign company and LLP is regi....
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....stered in India or foreign best way to save tax under capital gain- first convert LLP to pvt company (all partner shall be shareholder) then amalgamated to another company. if all conditions fulfil....
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....led then prov 47 (vi) will be applied - no tax liability will arise<br> Discussion Forum - Knowledge Sharing ....