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PARTNERSHIP FIRM
ET Prime Special Series: Multibagger or Bankrupt - Part 65: This auto ancillary is making new moves. Separate signal from noiseThis supplier is one of those businesses that grows quietly until it suddenly makes several big decisions at once. In a short span it has s...- Tax-free income in India: 8 types of income you don’t need to pay any tax onTax-free income: Unlock tax savings with these eight income sources exempt from income tax in India. From agricultural earnings and provide...
- Investing abroad? These 7 costly mistakes could trigger an income tax noticeWealthy Indians are investing more abroad. However, they must understand the rules to avoid trouble. Mistakes like misusing investment rout...
- Sole proprietorship, LLP to private limited company; business structures for startups explainedChoosing the right business structure is crucial for a startup’s growth, taxation, compliance, control, and liability. DPIIT highlights fiv...
- CBI finds no evidence of corruption in case involving Nirav Modi; transferred to magistrateA special CBI court in Mumbai transferred a fraud case against Nirav Modi to a magistrate's court. The CBI stated that corruption charges a...
- These 6 banking stocks have an upside potential of up to 30% in 1 year, according to analystsIt is a question often heard on the street: Which is better, private or PSU banks? To some extent, it is a meaningless question. Both priva...
- ICAI bats for concessional tax regime for partnership firmsThe Institute of Chartered Accountants of India has proposed a special tax regime for partnership firms in light of the 2024 Budget review ...
- Money laundering rules: Definition of beneficial owners tightenedEven partners who have ownership of less than 10% of the capital or profits of the partnership but exercise control through other means lik...
- CBDT issues rules for taxing partnership companies in IndiaThe Central Board of Direct Taxes (CBDT) has said that capital assets, money or stock in trade received by a partner in a partnership firm ...
- Tax on partnership firms: Budget change to put real estate, infrastructure consultancy firms in a fixAfter these assets appreciated, they would bring in a new partner and old partners would exit or retire from the partnership after taking b...
- Partnership structures' presumptive income could come under taxman's lensPartnership structures, which are considered effective for taxation purposes, are set to attract the tax department’s attention after the M...
- Incorporation of partnership firmPartnership firms in India are governed by the Partnership Act, 1932. Section 4 of the Act defines.
- What is limited liability partnership?Liability of each partner is limited to his share as mentioned in the agreement compared to regular partnership firms which have unlimited ...
- 5 smart things to know about Section 44ADA of Income Tax ActProfessionals from the legal, medical, engineering, architectural, accountancy, tech consultancy, and interior decoration backgrounds can u...
- Hiranandani Group starts restructuring partnership firm holding Powai office assetsReal estate developer Hiranandani Group has started restructuring its partnership firm, which holds 4.5 million sq ft of commercial assets ...
- DTAA benefits applicable to partnership firms in India, UKCBDT has said that benefits under the India-UK Double Taxation Avoidance Agreement (DTAA) would be applicable to partnership firms in the U...
- Closing a business? Ensure you make a clean exitHere are some of the legal points you need to keep in mind to ensure that you make a clean exit.
- Partnership firms are not eligible to treaty benefits, says AARThough the AAR ruling was in relation to the India-Switzerland tax treaty, the principle can be applied to cases involving tax treaties wit...
- Partnership firms have to abide by AS11: ICAICorporates are now breathing easy with the government deferring compliance with provisioning in their balance sheets of forex losses and ga...
- Parliament clears bill for flexibility in running partnership firmsParliament on Friday approved a bill paving way for formation of a new type of business entity by professionals like lawyers and chartered ...
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