Aryan & Aarav, an LLP having turnover of ₹ 45 lakh and contribution of the partners exeeding ₹ 30 lakh in F.Y. 2018-19 is seeking your advice in the following matters: Is dividend distribution tax applicable on LLP?
CS Executive · Setting up of Business Entities and Closure · PYQS · December 2019
Aryan & Aarav, an LLP having turnover of ₹ 45 lakh and contribution of the partners exeeding ₹ 30 lakh in F.Y. 2018-19 is seeking your advice in the following matters: Is dividend distribution tax applicable on LLP?
Answer & Explanation:
For the purpose of income tax, LLP is treated at par with partnership. A LLP is not subject to Dividend Distribution Tax (DDT).
Topics: LLP
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