Corporate Law : LLP Form 11 must be filed by every LLP, including inactive or non-operational entities, under the LLP Act, 2008. The guide explain...
Income Tax : The Finance Act, 2024 has inserted a new section, 194T, for TDS deduction by partnership firms/Limited Liability Partnerships (LLP...
Corporate Law : The amendment introduces a new category of IFSC-based LLPs with specific regulatory provisions. It enables foreign currency operat...
Corporate Law : The issue highlights mandatory annual return filing for LLPs. The key takeaway is that delayed filing attracts heavy daily penalti...
Corporate Law : Comparative analysis of Company, Partnership Firm, and Trust in India covering tax rates, deductions, compliance, and suitability ...
CA, CS, CMA : ICAI introduces phased applicability for new financial reporting guidance. Larger entities must comply first, followed by all enti...
Company Law : Authorities rejected several name reservation applications because they were phonetically or structurally similar to existing enti...
CA, CS, CMA : The draft policy proposes a detailed scoring framework to empanel CA firms and LLPs for government audits based on capacity, exper...
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...
Income Tax : The tribunal noted that the firm had no business activity and only earned interest income. It held that unexplained income cannot ...
Income Tax : The issue was taxation of LLP partner’s remuneration without applying Sections 28(v) and 40(b). The High Court set aside the ass...
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...
Company Law : The issue involved duplication of DIN due to ignorance during incorporation. The authority imposed penalty despite voluntary discl...
Company Law : The MCA has revised the list of Regional Directors authorized for LLP matters under Section 458 of the Companies Act. The amendmen...
Corporate Law : The Central Government has superseded the 2022 notification and reassigned state- and district-wise jurisdiction to specific Regis...
Corporate Law : The Government has deferred the commencement date of a notification issued under the LLP Act. The effective date now shifts from J...
Corporate Law : MCA amended its notification to postpone implementation of the reorganised Registrar of Companies framework for LLPs....
Stay on top of your ROC filing deadlines from August to November 2024. Avoid penalties by adhering to due dates for AOC-4, MGT-7, DIR-3 KYC, and more.
Overview of Income Tax rates, deductions, surcharges, and cess for individuals, companies, and cooperative societies under the Finance Bill (Budget) 2024 in India.
Discover the latest amendment to LLP Rules 2009, Rule 37, effective 6th August 2024. Key changes include new processes for striking off LLPs via the Centre for Processing Accelerated Corporate Exit.
Discover the latest amendments to LLP Rules by the MCA, effective from August 27, 2024. Learn about the new role of the Centre for Processing Accelerated Corporate Exit.
Explore the key differences, advantages, and disadvantages between LLPs and private limited companies to make an informed decision for your business structure.
A comprehensive checklist for forming an LLP in India, including key requirements, partner rules, necessary forms, and filing procedures as per LLP Act and Amendment Rules.
Understand the filing requirements for BEN-2 and LLP BEN-2 as per the Companies (SBO) Rules, 2018 and recent MCA notification for identifying significant beneficial owners in LLPs.
Stay updated with key changes and precautions in filing your Income Tax Return for FY 2023-24 to avoid penalties and ensure accurate reporting.
Registrar of Companies Andhra Pradesh issues notice for removal of 93 LLP names from the register. Learn more about the notice and its implications.
Explore the LLP strike off notice issued by Telangana Registrar for 123 partnerships. Understand the process, implications, and steps to avoid dissolution.
