The concept of Limited Liability in Partnership is arrived from the Companies where the shareholders are liable to the extent of amount unpaid towards the shares held by them, which came into existence in 1897 through a Landmark judgement: Salomon v Salomon & Co Ltd. The same kind of protection is also given to the Limited Liability Partnership wherein the designated partners are not personally liable.
Understand the provisions and procedures of ESOP (Employee Stock Option Plan) in this informative blog post. Learn how companies use ESOP to give ownership interest to their employees.
Explore the provisions for buyback of shares in detail. Learn about the maximum limit, debt equity ratio, and authorization required for buyback.
Learn the step-by-step procedure for converting a partnership firm into a limited liability partnership (LLP) and ensure a smooth transition.
Understand the complexities of AMP expense as an international transaction. Learn about the deductions allowed under the Income Tax Act for advertising, marketing, and promotion expenses.
Learn about the SOP for scrutiny of GST returns for FY 2017-18 and 2018-19. Understand the legal provisions and potential issues faced by taxpayers.
Explore the proliferation of unregistered estate agents in the Indian real estate market. Learn about the legislative framework and the current scenarios.
SC held that no IGST is payable on ocean freight under Reverse Charge Mechanism (RCM) for Cost, insurance, and freight (CIF) imports as Indian importer is liable to pay IGST on the ‘composite supply’, comprising of supply of goods and supply of services of transportation, insurance, etc. in a CIF contract; a separate levy on the Indian importer for the ‘supply of services’ by the shipping line would be in violation of Section 8 of the Central Goods and Services Tax Act, 2007
Get ready to file your tax return with confidence. Learn about the key points to keep in mind and make the process a breeze.
Learn about the provisions and regulations related to Nidhi companies. Understand the objectives and applicability of Nidhi companies under the Companies Act.
