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....
Understand the annual compliance requirements for Limited Liability Partnerships (LLPs), including filing Form 11, Form 8, audit applicability, penalties for non-compliance, and FAQs.
Explore various business structures in India and their tax implications. Understand the advantages, disadvantages, and regulatory requirements to make an informed decision for your business.
Analysis of ICAIs disciplinary action against EY India affiliates for professional misconduct, implications, and insights into regulatory challenges in the accounting sector.
Learn about Limited Liability Partnerships (LLPs), their features, who can become partners, and the registration process, including steps and costs involved.
Explore the comprehensive checklist for closing a Limited Liability Partnership (LLP), covering preconditions, documentation, and the step-by-step process for a smooth closure.
Discover the process of online Limited Liability Partnership (LLP) registration in India following the recent amendments. Learn about the requirements, steps, and documents needed for LLP incorporation.
Discover how Madras High Court provides a chance for Tvl. Shriniwas Impex to contest penalty despite lacking E-way bills or lorry receipts. Full text judgment included.
Understand foreign exchange audit: realized and unrealized gains/losses, accounting treatment, examples, and modern technology’s role in accurate accounting
Stay informed about the Registrars notice regarding the striking off of names of 9 Limited Liability Partnerships (LLPs) from the register in Uttarakhand.
Learn about the Registrar of Companies’ notice to strike off 190 LLPs in Karnataka under Section 75 of LLP Act 2008. Details & implications explained.
