Limited Liability Partnership in India

32 Pages Posted: 14 Nov 2010

See all articles by Sharmendra Chaudhry

Sharmendra Chaudhry

National Law School of India University (NLSIU)

Date Written: November 10, 2010

Abstract

The aim of this research is to highlight some loopholes in the current legal position related to the taxation of the Limited Liability Partnerships in India; as well as, highlight some of the problems related to the conversion of general partnership firms and limited companies into the Limited Liability Partnership in the light of the following acts: LIMITED LIABILITY PARTNERSHIP ACT, 2008; THE FINANCE ACT, 2009. The researcher has made the best possible effort to point out the various loopholes present in current legal position related to the Limited Liability Partnerships in India, particularly in relation to the taxation and convertibility. The study has been made in the light of the current legal position in various countries like U.S.A., Germany, Australia and U.K. etc. The researcher also thinks there is ample scope for further research in this issue.

Keywords: Partnership, LLP, Limited Liability partnership, Taxation of Partnership

Suggested Citation

Chaudhry, Sharmendra, Limited Liability Partnership in India (November 10, 2010). Available at SSRN: https://ssrn.com/abstract=1708215 or http://dx.doi.org/10.2139/ssrn.1708215

Sharmendra Chaudhry (Contact Author)

National Law School of India University (NLSIU) ( email )

Nagarbhavi
Bangalore, KS Karnataka 560072
India
9259093673 (Phone)

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