From tax point of view, a limited liability partnership (LLP) is treated as

CS Executive · Tax Laws and Practice · PYQS · December 2015
From tax point of view, a limited liability partnership (LLP) is treated as
(A) Sole trader concern
(B) General partnership firm
(C) Private limited company
(D) Public limited company.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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