[aaykarbhavan] LLP: Article on Formation,conversion,planning of LLPs:BY Arjun Pitty,Nitesh More & Vikash Parikh

Q: APPLICABILITY OF STAMP DUTY ON CONVERSION OF COMPANY TO LLP: BY CA NITESH MORE

ANS: "S

tamp duty

"

covers transfers. In case of conversion

,

there is no transfer of a property. It gets vested in the converted entity by virtue of statutory provisions and may be out of the scope of stamp duty.

Q INCOME TAX TREATMENT FOR DISTRIBUTION by LLP AT THE TIME OF DISSOLUTION OR OTHERWISE TO ITS PARTNERS ?

BY CA NITESH MORE

ANS: CG Chargeable  u/s 45(4) 

__._,_.___

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Posted by: Nitesh More <moreassociate@gmail.com>

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