{"id":26987,"date":"2022-05-20T17:46:14","date_gmt":"2022-05-20T12:16:14","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=26987"},"modified":"2022-05-27T06:54:51","modified_gmt":"2022-05-27T01:24:51","slug":"llp-income-tax","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/llp-income-tax\/","title":{"rendered":"LLP income tax"},"content":{"rendered":"<p>In a LLP partners capital is at Rs 10 lacs and reserves and surplus are of Rs 100 lacs. on dissolution of partnership, partners will get 110 lacs .<\/p>\n<p>whether 100 lacs received on dissolution is taxable in the hands of partner.<\/p>\n<p>note reserves and surplus created from share premium account , and stand as reserves in LLP on conversion from company to LLP<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[33],"qa_category":[23],"qa_tag":[198,592,593],"class_list":["post-26987","qa","type-qa","status-publish","hentry","qa_expert-advocate-shashi-ashok-bekal","qa_category-income-tax","qa_tag-dissolution-of-firm","qa_tag-limited-liability-partnership","qa_tag-llp"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/26987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=26987"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=26987"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=26987"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=26987"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=26987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}