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....
Businesses opting for LLP registration in India benefit from lower compliance burdens, tax advantages, and an easier business setup. This makes LLPs an ideal choice for startups and small businesses looking for a secure and cost-effective way to grow.
Limited Liability Partnerships (LLPs) in India have to follow annual return filing necessities to keep away from legal penalties and consequences. LLP Annual Return Filing includes submitting crucial forms and financial information to the Ministry of Corporate Affairs (MCA).
Avoid common LLP registration mistakes like invalid names, documentation errors, and compliance issues for a smooth registration process. Learn key tips here.
NFRA inspection of PwC firms (PWCA & PW& Co CA) reveals deficiencies in related party transaction verification and documentation, raising concerns about audit quality.
Understand the process and requirements for converting an unlisted public company into an LLP, including necessary filings and documentation.
Arles Maxent Associates LLP and its designated partners fined ₹1.5 lakh by Chennai ROC for violating Section 13 of the LLP Act, 2008, due to failure to maintain a registered office.
Convert your company into an LLP before 31st March 2025 to carry forward business losses for 8 years. Act now before the tax benefit is reduced from April 2025.
ICAI releases 2024 guidelines for CA firm and LLP aggregation, enabling better collaboration and operational efficiency. Learn about key provisions and applicability.
Compare LLP and Pvt Ltd in terms of taxation, compliance, auditing, and ownership. Understand key differences to choose the right business structure.
Explore corporate tax reforms expected in Union Budget 2025-26, including CSR deductions, TDS rationalization, MSME payment rules, and start-up incentives.
