ACCOUNTING AND TAXATION: Article explains Taxation of Partnership Firms /LLP which includes Income Tax Rate applicable, Provisions related to Interest and Remuneration to Partners/Designated Partners, Conditions for assessment as a firm, Partners’ assessments, Losses of the firm, Due dates for filing return of firm, Allowability of remuneration and interest vis-a-vis presumptive taxation, Due dates for filing return Read More →

COMPANY LAW LLP Settlement Scheme, 2020: Highlights Introduction The Limited Liability Partnership (LLP) is seen as an alternative corporate business vehicle that gives the advantages of Limited Liability yet permits its individuals the flexibility of sorting out their inward structure as an organization in light of a mutually arrived agreement. Attributable to flexibility in its structure and Read More →

transfer shares

COMPANY LAW Transfer of shares by way of GIFT: Article explains Key provisions relating to transfer of shares by way of GIFT, Provisions on Transfer of Shares, Procedure for transfer of shares by way of Gift, Documents required to be prepared and Other key provisions relating to the transfer of shares by GIFT. In general Read More →

company law

COMPANY LAW FAQs on Filing CAR Form With MCA FAQs on filing Form CAR (Company Affirmation of Readiness towards COVID-19) As all of you are aware that Ministry of Corporate Affairs (MCA) issued advisory on preventive measures to contain spread of COVID-19 to all Chairman, Managing Director and Chief Executive Officer. With respect of it, Read More →

accounting, taxation

ACCOUNTING & TAXATION Measures related to various Statutory & Compliance Matters- Covid-19 Update on Relief measures announced on 24th March, 20 by Finance Minister relating to various Statutory and Compliance Matters across Sectors – Covid-19 outbreak The Corona Virus (Covid-19) outbreak has not only impacted lives of general citizens, it has also severely impacted the Read More →

company law

COMPANY LAW   Proportional Representation Principle for Appointment of Directors | Section 163:   Section 163 – Option to adopt Principle of Proportional Representation for Appointment of Directors (Chapter XI) As per the company’s laws, the appointment of directors in a company is usually done through simple majority by passing a resolution in the General Read More →

updates on gst

IMPORTANT POINTS ON 39TH GST COUNCIL MEETING HELD ON 14TH MARCH 2020   Important points on 39th GST Council Meeting explains decisions related to  Interest on delayed payments, Deferment of the new GST return system and e-invoicing, Changes in the GST rates, Deadline of  GSTR-9 and 9C, Know your supplier, Waiver and Extension of due Read More →