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 Agra rules LLP’s decision to audit accounts qualifies for extended IT return due date, enabling business loss carry forward despite initial denial by CPC.
LLP annual return Form 11 must be filed by May 30. Discover requirements, filing process, and consequences for all LLPs, active or not.
Understanding Form LLP-11 annual return for LLPs in India. Details on filing requirements, due date, contents, fees, and non-compliance impact.
Guide to the LLP incorporation process in India via the MCA V3 portal, covering name reservation (RUN-LLP), incorporation (FiLLiP), requirements, and documents.
Overview of mandatory LLP annual filings in India including Form 11, Form 8, ITR due dates, penalties, audit thresholds, and new incorporation exceptions.
Learn how small businesses in India can optimize tax benefits through strategic structuring, presumptive taxation, deductions, MSME benefits, GST ITC, and available incentives.
File LLP Form 11 for FY 2024-25 by 30th May 2025 to avoid ₹100 daily penalties. Learn about the filing process, common mistakes, and mandatory requirements.
Learn the step-by-step procedure to convert a partnership firm into an LLP, along with required documents, forms, and post-conversion compliance.
Learn about converting a company to an LLP in India: legal framework, eligibility, steps, benefits like reduced compliance, and key considerations.
Summary: This editorial summarizes the annual and event-based compliance obligations for Limited Liability Partnerships (LLPs) under the LLP Act, 2008 and subsequent amendments up to March 2025. LLPs must meet various regulatory requirements post-incorporation, including maintaining financial records, filing statutory returns, updating partner details, and notifying changes to the Registrar. All LLPs are required to close […]
