LLP means a business where minimum two partners are required and there is no limit on the maximum number of partners. The liabilities of the partners are limited up to the extent of Capital contribution done by each partner in LLP.
Government extends GST Compensation Cess levy till 31.03.2026. Learn about the implications and new rules in this important move.
The new section 194R mandates a person, who is responsible for providing any benefit or perquisite to a resident, to deduct tax at source before providing such benefit or perquisite. The benefit or perquisite may or may not be convertible into money but should arise either from carrying out of business, or from exercising a profession, by such resident.
SC clarified that banks cannot be restrained from selling the mortgaged property by holding public auction and realize the outstanding dues, unless the borrower pays entire amount outstanding along with the cost and expenses of auction.
Understand the provisions of Section 50D of the Income Tax Act, 1961. Learn about the impact on capital gain calculation and the taxation of self-generated assets.
Understand how Section 194R impacts benefits and perquisites. Learn about the new TDS requirements from the Govt starting July 2022.
Learn about the new Section 194R under the Income Tax Act, 1961. Find out the TDS rate and conditions for deducting TDS on benefits or perquisites.
Explore the USA Green Card by Investment (EB 5 Program): a unique path to permanent residency through job creation in rural areas.
Understand the taxability of NRIs in the light of India-Singapore DTAA. Learn about residential status, taxation laws, and investments in India and Singapore.
Understand the treatment of special expenses in cost accounting. Learn about the treatment of research and development costs according to CAS 18.
