Taxmann's LLP Ready Reckoner – Edition 2025 is a thoroughly updated and authoritative reference manual that provides a holistic overview of the Limited Liability Partnership (LLP) regime in India. This reckoner is meticulously structured to assist professionals, startups, practitioners, and corporate entities in navigating the legal, procedural, and tax-related nuances of LLPs.

Prepared in accordance with the Limited Liability Partnership Act, 2008, and incorporating the latest amendments introduced through the LLP (Amendment) Act, 2021, this edition also factors in the newest MCA notifications, updated forms on the V3 MCA Portal, and important tax updates impacting LLPs under the Income-tax Act, 1961.

This ready reckoner includes step-by-step compliance checklists, practical examples, updated MCA e-filing procedures, drafting tips for LLP agreements, and provisions relating to audit, annual filing, and penalties. It is an ideal guide for setting up, managing, and ensuring compliance of LLPs in India.

Key Features:

• ⚖️ Comprehensive Legal Framework of LLPs: Covers all sections of the LLP Act, 2008 with updated rules and interpretations, including recent MCA circulars and FAQs.

• 📄 Updated Procedures with MCA V3 Portal: Practical guidance on filing of e-forms, digital signatures, LLP registration, and conversion on the new MCA V3 interface.

• 💼 Incorporation to Dissolution: Covers lifecycle of LLPs from incorporation, naming, agreement drafting, admission/retirement of partners to voluntary winding up.

• 💰 Taxation of LLPs: Detailed analysis of LLP taxation under the Income-tax Act, including Section 40(b) (remuneration), presumptive taxation, MAT, and TDS.

• 📝 Drafting & Agreement Templates: Includes samples of LLP agreements, partner deeds, consent letters, resolutions, and board formats.

• 🔎 Audit & Annual Filing Compliance: Updated compliance calendar for annual return, Statement of Accounts & Solvency (Form 8), Form 11, and audit requirements.

• 📚 Case Law & Practical Scenarios: Incorporates key judicial decisions affecting LLPs and practical illustrations for real-world application.

• 🧾 Comparison with Companies Act, 2013: Highlights how LLPs differ from companies in terms of compliance, taxation, liability, and governance.

Why This Book is Essential:

• ✅ Updated and Practical: Provides the most recent procedural updates, form changes, and tax rules affecting LLPs.

• ✅ One-Stop Compliance Guide: Assists professionals and LLP owners in understanding and executing their responsibilities without missing deadlines.

• ✅ Simplifies Legal Provisions: Demystifies complex LLP laws and compliance processes for easy understanding and practical application.

• ✅ A Must-Have for Startups & Professionals: Ideal for entrepreneurs, chartered accountants, company secretaries, and legal advisors dealing with LLP matters.

• ✅ Trusted by Professionals Nationwide: Backed by Taxmann’s legacy of accuracy, reliability, and legal precision.

Taxmann’s LLP Ready Reckoner – Edition 2025 stands as a definitive and user-friendly reference to master LLP-related law, compliance, tax planning, and practical management. Whether you're launching a new LLP, managing an existing one, or advising clients, this book ensures you're fully updated and compliant with India’s evolving LLP regulatory framework.