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....
Learn the importance of obtaining consent from creditors in the striking off process of an LLP or company. Explore the steps for securing consent, including communication, notice issuance, settlement discussions, and documentation. Download a sample format for seeking consent in compliance with the LLP Act and Companies Act.
Explore the LLP (Third Amendment) Rules, 2023, focusing on the Register of Partners and Beneficial Interest Declarations (Form 4, 4A, 4B, 4C, 4D). Stay informed for crucial compliances in the evolving LLP landscape.
Stay compliant with MCA’s recent amendments. Explore rules on beneficial interest, register of partners, responsible person designation, and dematerialization for companies and LLPs.
Explore key income tax compliance requirements for charitable and educational institutions under the Income Tax Act for the assessment year 2023-24.
Explore the Exposure Draft on Accounting Standards for Limited Liability Partnerships issued by the Accounting Standards Board of ICAI. Learn about the proposed changes
Explore LLP (Third Amendment) Rules, 2023. Learn about the Register of Partners, declaration of beneficial interest, and their implications. Stay updated
Learn about Limited Liability Partnerships (LLPs), their features, and the admission of new partners in LLPs. Get insights into the process and rules.
Explore the differences between Private Limited Company, LLP, and Partnership Firm to make informed choices for your business setup and growth.
Learn about LLP partner remuneration, including capital interest, profit sharing, and salary, and understand the limits imposed by Income Tax Act. Make informed decisions for your LLP
Explore a sample LLP agreement’s vital elements and definitions. Understand importance of designated partners, contributions, and business scope.
