Get answers to your FAQs on Limited Liability Partnership (LLP) formation and compliances in India. Learn about the minimum requirements, documents needed, registration timeline, compliance obligations, audit necessity, conversion options, and consequences of non-compliance. Consult with a legal professional for personalized guidance.
Notification in relation to the rail link route connecting Bathnaha-Indian Customs Yard, Jogbani in Inda, and Nepal Customs Yard, Biratnagar in Nepal and Road connecting Kolkata, Dunlop Bridge, Barrackpore, Krishna Nagar, Malda, Raiganj, Dalkola, Purnia, Araria, Forbesganj and Jogbani in India, and Biratnagar in Nepal by amendment of Principal Notification No. 63/1994-Customs (N.T.) dated 21st […]
CBIC notifies Customs Exchange rate for Import & Export with effect from 19th May, 2023 vide Exchange rate vide Notification No. 36/2023 – Customs (N.T.) Dated : 18th May, 2023. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 36/2023 – Customs (N.T.) | Dated: 18th […]
The IP submitted that in order to realize the maximum value for all stakeholders, the liquidator is maintaining the business of the CD on going concern basis as recommended by the CoC. He submitted that the CD was intended to be liquidated as a going concern through e auction mode as provided in IBBI (Liquidation […]
IBBI observed that Mr. Amit Gupta has charged the excess fess as the liquidator of the CD and held the prima facie view that he has inter alia violated section 35(1)(d) & (o) and 208(2)(a) & (e), regulation 4(2) of the Liquidation Regulations and regulation 7(2)(h) of IP Regulations read with clauses 1, 3 and […]
Financial Action Task Force (FATF) is an inter-governmental body, responsible for setting global standards on anti-money laundering (AML) and combating the financing of terrorism (CFT). India became Observer at FATF in the year 2006. Since then, India has been working towards full-fledged Membership of FATF.
In this article, let us focus on specific issues involved in Capital Gain tax exemption on the sale of inherited property. An attempt has been made to simplify the relevant provisions & legal decisions with the help of Illustrations.
Unlock the complexities of Income Tax Acts Section 56(2)(viib). Dive into the tax implications for closely-held companies issuing shares above fair market value. Explore applicability, covered transactions, tax incidence, fair valuation methods, and the legislation’s rationale. Stay compliant, understand the rules, and ensure transparent transactions.
Explore the legal implications of the recent AAR Locus Standi dispute – Anmol Industries Ltd’s victory in the Calcutta High Court sets a precedent for applicants, emphasizing the need for a thorough understanding of GST laws. Uncover the case details, arguments, and the potential rise in litigation following this significant ruling.
Explore the ITAT Ranchi ruling on penalty imposition for non-audit of books, analyzing the distinction between maintenance and audit requirements under Sections 44AA and 44AB of the Income Tax Act.
