Since the taxation related matters in India are provided under Tax Laws, the taxation of LLPs was not provided in the Limited Liability Partnership (LLP) Act, 2008. The Finance Bill, 2009 has made provisions in this regard, pursuant to which the taxation scheme of LLPs has been proposed to be introduced in the Income Tax Act. It has been proposed,

• to tax LLPs on the lines similar to general partnerships (EXCEPT for recovery purposes) under Indian Partnership Act, 1932, i.e. taxation in the hands of the entity and exemption from tax in the hands of its partners. 
• Consequent changes in the definitions of Income-tax Act, 1961 like (i) the word ‘partner’ to include within its meaning a partner of a limited liability partnership, (ii) the word ‘firm’ to include within its meaning a limited liability partnership and (iii) the word ‘partnership’ to include within its meaning a limited liability partnership as these terms have been defined in the Limited Liability Partnership Act, 2008 have also been proposed in the Finance Bill, 2009.
• that the he designated partner shall sign the income tax return of an LLP, or, where, for any unavoidable reason such designated partner is not able to sign the return or where there is no designated partner as such, any partner shall sign the return.
• that in case of liquidation of an LLP, every partner will be jointly and severally liable for payment of tax unless he proves that non-recovery cannot be attributed to any gross neglect, misfeasance or breach of duty on his part.
• that the conversion from a general partnership firm to an LLP will have no tax implications if the rights and obligations of the partners remain the same after conversion and if there is no transfer of any asset or liability after conversion. In case of violation of these conditions, the provisions of section 45 of Income-tax Act shall apply.
• that the amendments will be effective from the 1st day of April 2010 i.e. assessment year 2010-11.

Source: Press Note No.1/16/2007-CL.V dated 10/07/2009 on Taxation of Limited Liability Partnerships

The following links helps a Professional to understand the applicability of Competition Act as on date in India and the relevant Act or Notification or Regulations, thereof.  Broadly, almost all the provisions of Competition Act are notified EXCEPT provisions regarding Combinations (Mergers, Amalgamations, Acquisitions & Takeovers - MAAT) & provisions before Competition Commission of India (CCI) benches.

We, Law Labz Consultancy (P) Ltd., can help you regarding Competitive Agreements & assist you by providing a service which adds a long term value. Through our experience, we are confident of providing you with innovative, practical & effective legal solutions.

Law Labz as the name suggest is a research oriented corporate legal service provider which serves as a one stop solution for wholesome legal compliances. Law Labz comprises of a team of young professionals drawn from all shades of legal spectrum who are specialized in Corporate law matters. We pride ourselves in providing high quality secretarial services and maintaining lasting relationships with clients in relevant domains.

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Yes, now, you can register yourself as a Registered User in Limited Liability Partnership website and its active at http://llp.gov.in:8080/llp/app/pages/RegisterPage

Choose the option as "Registered User" as it does not require Digital Signature every time when you decide to login to the site to access some services and the best part it, you get almost all required services as a "Registered User" itself.

On registration, you may login to the site by clicking http://llp.gov.in:8080/llp/app/pages/LoginPage/

Still the e-form section is not made active, though the forms are made available.  One have to wait & see.

Click here – A must read FAQ on Limited Liability Partnership Law in India for every one.

Click here to understand the steps to form an LLP in India or for Secretarial practice to form Limited Liability Partnership (LLP).

Formation of LLP in India / LLP Services:

We, Law Labz Consultancy (P) Ltd., can help you to avail this opportunity by registering a Limited Liability Partnership for you or find like-minded partners, assist you by providing a service which adds a long term value. Through our experience, we are confident of providing you with innovative, practical & effective legal solutions.

Law Labz as the name suggest is a research oriented corporate legal service provider which serves as a one stop solution for wholesome legal compliances. Law Labz comprises of a team of young professionals drawn from all shades of legal spectrum who are specialized in Corporate law matters. We pride ourselves in providing high quality secretarial services and maintaining lasting relationships with clients in relevant domains.

For more details, kindly log on to http://www.lawlabz.com or just drop a mail to consult@lawlabz.com

This article deals with the applicability & effective date of Limited Liability Partnership Act, 2008 (LLP Act) and Limited Liability Partnership Rules, 2009 (LLP Rules) in India. The registration & online e-filing will soon begin in http://www.llp.gov.in, though 1st LLP has already been registered through physical filing on 2nd April 2009 from Registrar of LLP located at New Delhi. It is a niche area of practice for Company Secretaries (CS), Chartered Accountants (CA), Cost Accountants (CWA) and Advocates, both for themselves & others. Now proceed reading the article to know the LLP law as on date.