Income Tax for LLP in Sindhu Bhavan Road (SBR), Ahmedabad
Sindhu Bhavan Road (SBR) is one of West Ahmedabad's fastest-growing premium corridors, connecting South Bopal to Bodakdev, lined with luxury residential towers, high-end retail, showrooms, restaurants and a rising base of corporate offices.
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Why Sindhu Bhavan Road (SBR) businesses choose us.
Founders setting up along SBR are usually catering to a premium clientele — real estate, retail, hospitality or advisory — and need a credible, separately registered entity early on. An LLP gives them limited liability and a clean structure for bringing in partners or investors, without the compliance load of a private limited company.
We regularly work with real estate developers, boutique retail and hospitality businesses, wealth and financial advisory firms, and corporate consultancies in and around Sindhu Bhavan Road (SBR), so the paperwork, registered-office proof and local coordination are handled the same day you reach out — you never need to travel to our office beyond signing your incorporation documents.
How it works
Books & Provisional P&L Review
Tax Audit Check
Partner Remuneration & Interest
ITR-5 Filing
Documents Required
Checklist- Books of account and financial statements for the year
- Bank statements for the financial year
- Partner remuneration and interest working papers
- Details of any TDS deducted or deductible
- Prior year's filed ITR, if any
- PAN of the LLP
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Income Tax for LLP ↗Frequently asked questions
A flat 30% on total income, plus a 12% surcharge if income exceeds ₹1 crore, plus 4% health and education cess — there's no basic exemption slab the way individual taxpayers get.
No. Remuneration and interest paid to partners within Section 40(b) limits are deducted from the LLP's taxable income and then taxed as business income in the partner's hands — only once. The remaining profit share is exempt in partners' hands under Section 10(2A), since it's already been taxed at the LLP level.
If turnover exceeds ₹1 crore for a business, or ₹50 lakh for a profession — though this rises to ₹10 crore for businesses where cash receipts and payments each stay under 5% of the total.
31st August if no tax audit is required, 31st October if one is — audited LLPs also need Form 3CB-3CD certified by a chartered accountant ahead of the return.
Yes, provided the return is filed by the original due date — a belated return forfeits the right to carry forward most types of loss.
Like a partnership firm. An LLP is taxed as a "firm" — a flat 30% on total income, partner remuneration and interest deductible within Section 40(b) limits, and the partners' profit share exempt in their hands under Section 10(2A). It does not get the slab rates individuals get, nor the concessional company rates.
No. The 22% rate under Section 115BAA and the 15%/17% new-manufacturing rate under 115BAB are available only to domestic companies. An LLP always pays a flat 30%, plus 12% surcharge if income exceeds ₹1 crore and 4% health and education cess.
No. There is no dividend distribution tax on an LLP, and profit distributed to partners is not taxed again in their hands because it has already been taxed at 30% at the LLP level. Only partner remuneration and interest are taxable for the partners, as business income.
On the first ₹6 lakh of book profit (or in case of a loss), the LLP can deduct the higher of ₹3 lakh or 90% of book profit; on the balance, 60%. Remuneration above that limit, or paid to a non-working partner, or not authorised by the LLP Agreement, is not deductible.
Yes. If the LLP's tax liability for the year is ₹10,000 or more, advance tax is payable in four instalments — 15% by 15 June, 45% by 15 September, 75% by 15 December and 100% by 15 March. Shortfalls attract interest under Sections 234B and 234C.