Limited Liability Partnership: Law, Practice & Procedures | Updated with the Income Tax Act, 2025 | As Amended by The Finance Act, 2026

Limited Liability Partnership-Law, Practice & Procedures by CA. Pramod Jain (9th Edition, 2026) is a comprehensive and authoritative guide on the legal, procedural, and taxation framework governing LLPs in India. The book systematically covers the evolution, incorporation, conversion, administration, compliance, and dissolution of LLPs, making it a complete reference for professionals and businesses. Updated with the latest amendments, including the Income-tax Act, 2025 as amended by the Finance Act, 2026, this edition provides a clear and structured understanding of LLP law along with practical insights, statutory provisions, and relevant annexures.

Key Features:

• Exhaustive coverage of LLP law from basic concepts to advanced procedural aspects across 50+ chapters
• Detailed guidance on incorporation, conversion (firm/company to LLP and vice versa), and compliance requirements
• In-depth analysis of taxation of LLPs, including partner remuneration, asset transfers, and income computation
• Updated with the latest amendments under the Finance Act, 2026 and relevant provisions of the Income-tax Act, 2025
• Practical insights on FDI in LLPs, significant beneficial ownership, and regulatory compliances
• Step-by-step explanation of accounts, audit, e-filing procedures, and professional certification requirements
• Dedicated chapters on winding up, penalties, prosecution, and legal consequences
• Comparative analysis of LLPs with companies and partnership firms for better decision-making
• Includes draft LLP agreements, statutory forms, and updated rules for ready reference
• Comprehensive annexures covering key legislations, rules, and relevant extracts for practical use

This book is ideal for Chartered Accountants, Company Secretaries, Cost Accountants, legal professionals, tax practitioners, entrepreneurs, academicians, and students seeking a detailed and practical understanding of LLP law and taxation in India.

SECTION I - GENERAL
Chapter 1 Objects and Reasons for Limited Liability Partnership
Chapter 2 Limited Liability Partnerships World Wide
Chapter 3 Limited Liability Partnership Background in India
Chapter 4 Salient Features of Limited Liability Partnership
Chapter 5 Meaning and Nature of Limited Liability Partnership
Chapter 6 Small Limited Liability Partnership
Chapter 7 Importance of LLP after Companies Act, 2013
SECTION II - INCORPORATION
Chapter 8 Incorporation of Limited Liability Partnership
Chapter 9 Change of Name of LLP
Chapter 10 Registered Office/Other Office of a LLP and its Change
Chapter 11 Limited Liability Partnership Agreements
Chapter 12 Partners of Limited Liability Partnership
Chapter 13 Number of Partners in Limited Liability Partnership
Chapter 14 Designated Partners
SECTION III - CONVERSION
Chapter 15 Conversion of Partnership Firm into LLP
Chapter 16 Conversion of Private Company into LLP
Chapter 17 Conversion of Unlisted Public Company into LLP
Chapter 18 Conversion of Professional Firms into LLP
Chapter 19 Conversion of LLP into Company
SECTION IV - ADMINISTRATION AND MANAGEMENT
Chapter 20 Contribution
Chapter 21 Foreign Direct Investment (FDI) in LLP
Chapter 22 Extent of Liability
Chapter 23 Significant Beneficial Ownership Compliances
Chapter 24 Investigation
Chapter 25 Compromise, Arrangement or Reconstruction
SECTION V - ACCOUNTS AND AUDIT
Chapter 26 Accounts and Returns
Chapter 27 Applicability of Accounting Standards
Chapter 28 Assignment and Transfer of Partnership Rights
Chapter 29 Destruction of Old Records by Registrar
Chapter 30 Electronic Filing of Documents
Chapter 31 Forms to be certified by Professionals
Chapter 32 Audit of LLP
SECTION VI - TAXATION
Chapter 33 Basic Taxation Aspects of LLP
Chapter 34 Residential Status of LLP
Chapter 35 Tax Rates of LLP
Chapter 36 Remuneration to Partners
Chapter 37 Interest on Partners' Contribution
Chapter 38 Taxation of Introduction and Withdrawal of Assets by Partners
Chapter 39 Computation of Taxable Income and ITR of Limited Liability Partnership
Chapter 40 Taxation of conversion of Firms into Limited Liability Partnership
Chapter 41 Taxation of conversion of Limited Liability Partnership into Company
Chapter 42 Taxation of conversion of Companies into Limited Liability Partnership
Chapter 43 Taxability of Amounts received by Partners from LLP
Chapter 44 Liability of partners for tax dues in case of liquidation
Chapter 45 Other tax compliances
SECTION VII - WINDING UP & DISSOLUTION
Chapter 46 Winding up and Dissolution
SECTION VIII - MISCELLANEOUS
Chapter 47 Payment of Fees
Chapter 48 Penalties, Fine and Prosecution
Chapter 49 Other matters related to LLP
Chapter 50 Forms under LLP
Chapter 51 Foreign Limited Liability Partnerships
Chapter 52 Provisions of Companies Act 2013 made applicable to LLP
Chapter 53 Comparison of Limited Liability Partnership with Firm
Chapter 54 Simultaneous Comparison of Limited Liability Partnership with Company and Partnership Firm
SECTION IX - ANNEXURES
Annexure 1 Limited Liability Partnership Act, 2008
Annexure 2 The Limited Liability Partnership Rules, 2009
Annexure 3 The Limited Liability Partnership (Winding Up and Dissolution) Rules, 2012
Annexure 4 Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023
Annexure 5 Draft LLP Agreements
Annexure 6 Relevant Extracts of Provisions of Income-tax Act, 1961
Annexure 7 Relevant Extracts of Income-tax Act, 2025
Annexure 8 Relevant Extracts of Companies Act, 2013 and Rules