An LLP can continue to exist despite changes in the partners. It is capable of entering into contracts and holding property in its own name. It can sue or be sued in its own name. LLP annual compliance standards are significantly less strict.
Every LLP incorporated in India is required to file an income tax return under Section 139(1) of the Income Tax Act of 1961. Partners of an LLP are in charge of filing the annual income tax.
A Limited Liability Partnership is a corporate body that is constituted under the Limited Liability Partnership Act, 2008. The LLP enjoys perpetual succession and functions as a separate legal entity from its partners.
MCA has introduced SPICe+ Form and all the connected forms on February 23, 2020, replacing the current SPICe Form and all linked forms with a variety of services to be provided under a single application.
In a notification dated March 4, 2022, the Ministry of Corporate Affairs published the "Limited Liability Partnership (Second Amendment) Rules, 2022." The amendment was proposed to update the existing Limited Liability Partnership Rules, 2009. The same will take effect the day after it is published in the official gazette.
In this article, we will talk about annual compliances such as annual returns, ITR, financial statements etc.
GST has made the tax return filing procedure simple by merging the information about the products and services of the sellers and customers under one head.
All registered Taxpayers are required to file GST returns. The tax return forms known as GST returns should be filed by companies to the Income Tax authorities of India. The GST return is filed monthly, quarterly and annually, depending upon which GST return you are filing. In this blog let us study the different GST return to be filed by taxpayers.
PEOs (Professional Employment Organizations) are often used by companies that want to outsource all of their human resources.
Professional Employer Organizations (PEO) with experience in the local markets can assist the business to improve and grow.