Under the Income-tax Act, 1961, LLP is chargeable to tax @

CS Executive · Tax Laws and Practice · PYQS · June 2015
Under the Income-tax Act, 1961, LLP is chargeable to tax @
(A) 30% plus cess and SHEC or AMT @ 18.5% plus cess and SHEC
(B) 30% plus cess and SHEC or AMT @ 18.5%
(C) 30% plus cess and SHEC or MAT @ 18.5% plus cess and SHEC
(D) 30% plus cess and SHEC or MAT @ 18.5%.

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A). Official source note: Under the Income-tax Act, 1961, LLP is chargeable to tax @ — (A) 30% plus cess and SHEC or AMT @ 18.5% plus cess and SHEC (B) 30% plus cess and SHEC or AMT @ 18.5% (C) 30% plus cess and SHEC or MAT @ 18.5% plus cess and SHEC (D) 30% plus cess and SHEC or MAT @ 18.5%.

Topics: Income Tax

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