Income Tax : Understand 47(xiii) of the Income-tax Act: Conversion of a firm or LLP into a company is tax-neutral if four conditions are met....
Corporate Law : LLP audit guide detailing two key turnover limits: Rs.40 Lakhs/Rs.25 Lakhs Partner Contribution for Statutory Audit, and Rs.1 Cror...
CA, CS, CMA : Choosing a CA articleship firm is crucial. Compare Big 4 vs. mid-sized firms for exposure, mentorship, and work variety. Learn wha...
Fema / RBI : A 2024 amendment to FEMA rules permits Indian companies to swap equity instruments for a foreign company's equity capital, simplif...
Corporate Law : A guide to LLP ROC filing for 2025 in India. Learn about key forms, deadlines (May 30, Oct 30), fees, and penalties to ensure time...
CA, CS, CMA : ICAI provides a one-year relaxation for two new Guidance Notes on financial statements for non-corporate entities and LLPs, making...
Company Law : The Ministry of Corporate Affairs' C-PACE initiative has reduced the time for voluntary company closures from over 2 years to unde...
Corporate Law : The Ministry of Corporate Affairs confirmed no plans for a new LLP Settlement Scheme. It detailed measures like STP forms, C-PACE,...
CA, CS, CMA : ICAI's AASB issues Exposure Draft of Auditing Standards for LLPs. Review the changes and provide feedback by May 1, 2025....
Company Law : NFRA inspection of PwC firms (PWCA & PW& Co CA) reveals deficiencies in related party transaction verification and documentation, ...
Income Tax : The ITAT Chennai held that ₹1.98 crore received for reduction in profit-sharing ratio in CRCL LLP was not goodwill or taxable in...
Corporate Law : NCLT Ahmedabad held that application under section 7 of the Insolvency and Bankruptcy Code for initiation of Corporate Insolvency ...
Income Tax : ITAT Ahmedabad held that addition by adopting Percentage Completion Method cannot be sustained as department already accepted Proj...
Income Tax : ITAT Chennai ruled in Gokulakrishna's favor, deleting capital gains tax on funds received from a profit-sharing realignment during...
Income Tax : ITAT Agra rules LLP's decision to audit accounts qualifies for extended IT return due date, enabling business loss carry forward d...
Corporate Law : Ministry of Corporate Affairs establishes new Registrars of Companies (RoCs) for LLP registration, effective Jan 1, 2026, defining...
Corporate Law : The Ministry of Corporate Affairs has restructured its regional directorates, establishing ten new Regional Directors across India...
Corporate Law : Arles Maxent Associates LLP and its designated partners fined ₹1.5 lakh by Chennai ROC for violating Section 13 of the LLP Act,...
CA, CS, CMA : Learn about ICAI's Aggregation of LLPs Guidelines 2024, detailing eligibility, governance, registration, and compliance for LLPs w...
Company Law : NFRA penalizes BSR & Associates LLP ₹10 crores for audit lapses in Coffee Day Enterprises audit. Partners face fines and debarme...
The ITAT Chennai held that ₹1.98 crore received for reduction in profit-sharing ratio in CRCL LLP was not goodwill or taxable income under the Income Tax Act.
Ministry of Corporate Affairs establishes new Registrars of Companies (RoCs) for LLP registration, effective Jan 1, 2026, defining new jurisdictions in Delhi, UP, and Mumbai.
The Ministry of Corporate Affairs has restructured its regional directorates, establishing ten new Regional Directors across India, effective from January 1, 2026, under the LLP Act, 2008.
Understand 47(xiii) of the Income-tax Act: Conversion of a firm or LLP into a company is tax-neutral if four conditions are met. Breach triggers clawback on the company, not partners.
NCLT Ahmedabad held that application under section 7 of the Insolvency and Bankruptcy Code for initiation of Corporate Insolvency Resolution Process [CIRP] against Sumarrow Impex LLP (Corporate Debtor) admitted as financial debt and default stands proved.
LLP audit guide detailing two key turnover limits: Rs.40 Lakhs/Rs.25 Lakhs Partner Contribution for Statutory Audit, and Rs.1 Crore/Rs.10 Crore for Tax Audit. Key filings are Form 11 (May 30th) and Form 8 (October 30th).
Choosing a CA articleship firm is crucial. Compare Big 4 vs. mid-sized firms for exposure, mentorship, and work variety. Learn what truly builds a strong CA career.
ICAI provides a one-year relaxation for two new Guidance Notes on financial statements for non-corporate entities and LLPs, making their application voluntary for 2024-25.
A 2024 amendment to FEMA rules permits Indian companies to swap equity instruments for a foreign company’s equity capital, simplifying cross-border investments.
A guide to LLP ROC filing for 2025 in India. Learn about key forms, deadlines (May 30, Oct 30), fees, and penalties to ensure timely and accurate compliance.
