Handbook on Taxation of Partnerships, Firms & Limited Liability Partnerships – Frequently Asked Questions by All India Federation of Tax Practitioners & Shashi Ashok Bekal (2nd Edition 2026)

This question-and-answer handbook on the taxation of partnership firms and Limited Liability Partnerships (LLPs) was prepared by Shashi Ashok Bekal for the All India Federation of Tax Practitioners (AIFTP) in its golden jubilee year. The 2nd Edition (2026) is revised for the Income-tax Act 2025, with each provision cross-referenced to the Income-tax Act 1961.

It answers 437 questions in 24 chapters covering the full life of a firm – formation, partners' remuneration and interest, reconstitution and retirement, conversion of a firm into an LLP or company, assessment of AOPs and BOIs, prosecution, stamp duty, GST and the new Labour Codes. Supreme Court, High Court and ITAT rulings are carried forward under the savings clause, and 13 specimen partnership and LLP deeds are included. Practical for chartered accountants, tax practitioners, partners and LLP designated partners. Paperback, 448 pages.