Is share of profit from LLP exempt under section?

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2024-10-21 09:13:52

Limited Liability Partnerships (LLPs) have grown increasingly popular as a business structure due to their flexibility, ease of operation, and limited liability for partners. LLPs blend elements of both partnerships and corporate entities, making them a preferred choice for businesses, particularly professional firms, start-ups, and small businesses. One key question that arises in the taxation...

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