Resolution of this Question On 20th December, 2014, the govt. of India takes another step ahead in position to make its campaign “Make in India” a grand success by introducing GST in Lok Sabha.
The liability of each partner becomes limited which may be written in the agreement at the time of registration, and the restrictions on an LLP is less as compared to a company by the government.
Income Tax Rates for Foreign Companies in India (As Amended By Finance Act, 2014) Foreign companies in India are liable to pay tax @ 40% on their net income, i.e. after deducting all the expenses subject to allowance by Income tax act, 1961.
A Separate Personality in the eyes of the law The first and foremost reason is that a Separate legal entity is created in the eyes of the law, which is capable of doing almost everything a natural person can do. 2.