· Taxation of LLPS · LLPS to Be Taxed As Firms · LLP Assessable As A Firm · General Provisions Applicable To Firms Now Applies To LLP Also · Deduction of Remuneration and Interest Paid To Partners · Set Off/ Carry Forward of Losses of LLP· Return of Income · Accounts and Audit of LLPS· Recovery of Tax- Section 167c · Partners of LLP· Share of Total Income Exempt In Partners Hands · Taxation of Salary /Interest from LLP in Partners Hands · Transfer of Interest in LLP by Partner · Admission of New Partners by LLP and Constitution of Capital Asset by Partners -Tax Implications · Revaluation of Assets by LLPS- Tax Implications · Change in Constitution, Succession and Dissolution of Firm · Tax Implications of Ceasing To Be a Partner · Conversion of General Partnerships to LLPs - Tax Implications · Conversion of Private Companies to LLPs - Tax Implications · Conversion of Unlisted Public Companies to LLPs- Tax Implications · Advantages of LLPs Over Companies · Foreign Llp · Compromises and Arrangements -Tax Implications · Amalgamation of Llps with One Another