Partnership Firm or LLP: Taxation Guidelines for AY 2024-25

Explore the key differences in taxation for Partnership Firms and LLPs for the Assessment Year (AY) 2024-25. This guide outlines the tax rates, deductions, compliance requirements, and benefits available under each structure. Understand how these entities are taxed, recent changes in tax laws, and which business structure may offer you better financial advantages. Ideal for business owners and financial advisors looking to optimize tax planning for the upcoming financial year.