Tax Publishers All About Partnership & LLP with Taxation By CS Amit Baxi , CA Nisha Bhandari 1st Edition 2025

Tax Publishers All About Partnership & LLP with Taxation By CS Amit Baxi , CA Nisha Bhandari 1st Edition 2025

Tax Publishers All About Partnership & LLP with Taxation By CS Amit Baxi , CA Nisha Bhandari 1st Edition 2025

This book titled “All About Partnership & LLP with Taxation”, aims to serve as a comprehensive guide for understanding these two pivotal forms of business organizations in the Indian context.

Partnerships, governed by the Indian Partnership Act of 1932, have been a cornerstone of small and medium enterprises, enabling individuals to pool resources and share responsibilities. However, with evolving business landscapes and the increasing need for limited liability structures, the introduction of LLPs under the Limited Liability Partnership Act of 2008 marked a significant milestone. LLPs blend the flexibility of partnerships with the protective framework of limited liability, providing a versatile option for modern entrepreneurs. Together, these structures cater to a broad spectrum of business needs, from traditional ventures to technology-driven enterprises.

This book is divided into three Major Parts, Book 1 deals with Partnerships. Book 2 caters exclusively to LLPs and Book 3 covers Taxation aspects of both Partnerships & LLPs. Over all, the book covers fundamental principles, legal frameworks, procedural aspects, and taxation intricacies of both partnerships and LLPs.

Contents of this Book is as follows –

Book 1: Partnership

• Part I: Basic Aspects
• Part II: Formation and Dissolution of Partnership
• Part III: Drafting of Partnership Deed

Book 2: Limited Liability Partnership

• Part IV: Limited Liability Partnership –Basic Concepts
• Part V: Partners–Their Relationship Interse, Contribution and Liability
• Part VI: Incorporation of Limited Liability Partnership
• Part VII: Drafts of LLP Agreements
• Part VIII: Conversion of Entities
• Part IX: Accounts, Audit & Investigation
• Part X: Foreign Limited Liability Partnership
• Part XI: Closure of LLP

Book 3: Taxation of Partnership/LLP Firm

• Part XII: Introductory
• Part XIII: Remuneration and Interest to Partners [Section 40b]
• Part XIV: Assessment of Firm and Its Partners
• Part XV: Assessment of Partners
• Part XVI: Capital Gains Vis-a-Vis Firms
• Part XVII: Miscellaneous Issues
• Part XVIII: Case Studies
• Part XIX: Taxation of LLP