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....
ITAT Guwahati held that the exemption of 10(26) of the Income Tax Act is available to the individual members of the Scheduled Tribe and the said benefit cannot be extended to a partnership firm.
Discover the process and significance of creating a Supplementary Agreement to the LLP Agreement for a name change as per Section 23(4) of the LLP Act, 2008.
Streamline the admission of a new partner into your LLP with our guide on drafting a board resolution, ensuring compliance with the LLP Act, 2008 and rules.
Learn about the legal compliance requirements for LLPs, including benefits over private limited and partnerships, tax obligations, and filing procedures.
Explore the intricacies of partnership taxation in the United States, with insights into partnership types, tax-year considerations, filing requirements, and more. Understand the latest developments, including proposed changes to Schedule K-2 and K-3, enhancing clarity for partnerships and partners.
Saurashtra Gramin Bank, headquartered in Rajkot, Gujarat, has released a Request for Proposal (RFP) for the empanelment of Chartered Accountant (CA) firms to serve as Concurrent Auditors. Saurashtra Gramin Bank’s RFP for the empanelment of CA firms as concurrent auditors presents a comprehensive process with detailed eligibility criteria, guidelines, and evaluation parameters. Potential applicants should […]
Explore the 2023 rules for Significant Beneficial Owners in LLPs, including compliance, reporting requirements, and impact on stakeholders.
Explore recent amendments by the MCA regarding LLPs, including rules on Significant Beneficial Owners and filing requirements. Learn about the transition period, implications, and benefits for enhanced compliance and transparency within LLPs.
Get details on the relaxation of additional fees and extension of the last date for filing LLP forms BEN-2 and 4D under the LLP Act, 2008.
Learn the step-by-step process of converting an LLP into a Private Limited Company, including legal aspects, tax implications, and post-conversion considerations. Understand the benefits and procedures involved.
