Академический Документы
Профессиональный Документы
Культура Документы
Kingdom. The researcher shall also highlight the taxation issues arising
out of conversion of limited liability partnership into and from other
forms of business. The paper will also bring forward the lacunae existing
in the current statutes and make recommendations to overcome the
same.
RESEARCH PROBLEM
Tax is the chief source of revenue for any government and the legal
framework as to taxation is vital for any organisation to plan the future.
The regime of Limited Liability Partnership is still at its nascent stage
and therefore still requires continuous monitoring and modifications. Tax
is also every changing in nature and has to adapt according to the
requirement of the economy and the new development in the methods of
transactions. Globalisation has also made a major impact on how the
government imposes tax. Especially from Indian perspective, due to the
recent implementation of the Act, there is still a need to discover this
arena.
Hence the research questions addressed in this paper are whether LLP
adversely affects the revenue generation of the country, and how taxes
are imposed on LLPs under different political system.
HYPOTHESIS
Formulation of a hypothesis is not only the crux of a thesis but also has
great significance in the doctrinal method of research. Hence the final
2
METHODOLOGY
A doctrinal study shall be made to prepare the dissertation. I have gone
through various articles to acquire an understanding of the subject and
identify the issues that need to be addressed. Further, thorough online
research has been conducted to understand the tax regimes across
various jurisdictions. A significant amount of research shall also be done
to identify the major challenges and future growth of LLP in countries
like USA and UK. All efforts shall be made to incorporate the latest policy
initiatives taken by the government in relation to LLP and the measures
that still need to be undertaken.
REVIEW OF LITERATURE
Primarily, for the sake of authenticity, literature available on official
websites of Government organisations is used. Author has also relied on
various books and journals available in the library as well as articles and
reports available on internet.
PROPOSED CHAPTERIZATION
1. Introduction.
Limited Liability Partnership can be broadly defined as a body
corporate having a separated legal entity with a perpetual
succession. The concept of separate legal entity ensures that the
partners are not personally liable for the acts done by the firm. As
can be seen by the definition, the LLP combines the features of
both the limited liability of a company by way of having separate
legal entity from that of the partners and incorporates the
flexibility of a partnership in a single organisation.
3
COMMITTEE REPORTS
STATUTES
JOURNALS