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Limited Liability Partnership form of Business Organisation
Meaning of Limited Liability Partnership (LLP) A Limited Liability Partnership (LLP) is a body corporate, with a distinct legal entity separate from that of its partners. It has perpetual succession and a common seal. A LLP, which is a separate legal
Karniti part 27: Pay as you earn - Advance Tax
(March Ending Special Part 2)PAY AS YOU EARN Advance Tax Arjuna (fictional character): Krishna, before 15th March last installment of advance tax will have to be paid. What precautions taxpayers should take? Krishna (fictional character):
No Service Tax leviable on Chit Fund Business
Dear Professional Colleague,Chit fund business constitutes transaction in money and not liable to service taxRecently, the Honble Supreme Court of India, dismissed the SLP filed by the Union of India against the judgment of the H
Surveys under the Income Tax Act - Certain Aspects
The search and survey operations conducted by the Income tax department, commonly known as Income tax raids (raids), has always been one of the worst nightmares of businessmen, high earners and corporates. Some reasons for this fear bei
Currency Fluctuation - Determinants and Effects
Currency fluctuation is a phenomenon that is important to understand due to various reasons. At the very outset, it may not seem necessary for individuals who have no export or import business, or for the ones who are not planning a t
Notice from Income Tax Department
One of the biggest worries of income tax payers is getting notice from Income Tax Department. The Department issues notices under various provisions of Income Tax Act. The purpose of the same is to ensure greater tax
AS - 30,31,32 The Terror Begins
Hedging the Risk: AS 30, 31, 32 instrumentsI have tried to summarize the topic a lot and then reached to this Short cum Lengthy Article :D. I hope it will help.This AS came into effect in respect of accounting period commencing on or after 1-04-2009
CSR spending under Comapnies Act,2013
Corporate Social Responsibility (CSR) means that beyond making profits, a business has social obligations considering the interest of customers, employees, communities, and ecological considerations (i.e. stakeholders) for common good. Thus, CSR is n
Ten lessons to learn from the Facebook-Whatsapp deal (life)
There are two types of people One that create hullabaloo and exaggerate their achievements and others are those who remain behind the scenes and yet conquer the world celebrities, small time actors and publicity crav
Provision of Companies Act, 2013 relating to Auditor
Provision Of Companies Act 2013 relating to Auditor. INTRODUCTION There is a huge tremendous Change in new Provisions under the Companies Act, 2013 with respect to Auditors as compared to the old Companies Act, 1956. The new Act in
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