What is the LLP Amendment Bill 2021? ‘LLPs are becoming popular among startups. An amendment is being proposed to the LLP Act for the first time,’ said finance minister Nirmala Sitharaman Continuing efforts to foster ease of doing business as well as to encourage the startups ecosystem, the Cabinet has approved LLP Amendment Bill, 2021. […]
CERTIFICATE To, XYZ ltd This certificate is issued in accordance with the terms of our arrangement with XYZ Private Limited (CIN-), having registered address ……………..IN, vide engagement letter dated ——————–with reference to Appointment of ABC & Associates as the Chartered Accountant Firm for conducting due diligence of security provided by XYZ Pt. Ltd.. Management’s Responsibility […]
SEARCH REPORT OF XYZ (INDIA) PRIVATE LIMITED. SEARCH REPORT XYZ (INDIA) PRIVATE LIMITED (CIN: 0000) We have carried out the search, on….. vide SRN……….. of the documents of ‘XYZ (INDIA) PRIVATE LIMITED‘ as available on the official website of the Ministry of Corporate Affairs i.e. www.mca.gov.in. We hereby submit our report in this regard as under: General […]
Section 44ADA – Presumptive Tax Scheme for Professionals -A scheme for presumptive taxation was introduced under section 44ADA from the FY FY 2016-17. -Section 44ADA provides a simple method of taxation for small professionals. Section 44ADA offers a scheme of presumptive taxation of profits and gains arising from professions mentioned under Section 44AA(1) of the […]
Given below is format of Draft Request Letter for Foreclosure of Insurance Policy and user can change it as per his requirements. FORECLOSURE REQUEST LETTER Dated:________________________ To, The Branch Head ______________________ Insurance Company Name and Address (include department or contact name, if known) Re: Cancellation Policy Insured: Policy Number: Policy Period: Dear Sir or Madam […]
Section 194LBB: Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)] When is the tax to be deducted under section 194LBB? The tax shall be deducted at the time of payment or credit whichever is earlier. Rate of TDS under section 194LBB (a) Where such income […]
Disclosures Checklist of Indian Accounting Standards (Ind AS) 1 Ind AS 1, Presentation of Financial Statements S. No. Paragraph Reference Disclosure Yes No NA 1. 1.16 When financial statements comply with Ind AS, disclosure by way of an explicit and unreserved statement of such compliance in the notes. 2. 1.17(c) Additional disclosures when compliance with the […]
Format of NOC by Female Coparceners to waive off their right/share in HUF property DECLARATION/NOC BY CO PARCENERS OF HUF To Dear Sir, 1) I/we ……………………………………………( Name of Co-Parceners ) hereby declare that I/we are the Co-Parcener of the HUF ……………….. … (Name of HUF) 2) We all the below mentioned coparceners declare that we […]
