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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...- PMS Tracker: Money Grow Asset, Green Portfolio, 12 others post up to 44% returns in AprilA range of quantitative, thematic, multi-cap and small-cap PMS strategies posted strong gains in April, with top performers delivering retu...
- Implementation key to any success of changes in corporate, LLP laws: ExpertsIndia is updating its company and LLP laws. The changes aim to make doing business easier. New rules will allow more flexibility in share b...
- Bill to amend laws governing companies and LLPs introduced in Lok SabhaAn innovative proposal is on the table aimed at transforming business operations in India. This bill introduces simplified guidelines for s...
- 5 income tax reliefs that professionals, small businesses expect in Budget 2025As of January 2025, the number of MSMEs registered on the Udyam portal has reached 5,84,06,752. MSMEs play a pivotal role in economic growt...
- EEPC India submits pre-budget memorandum to MSME MinistryIn its pre-Budget memorandum to the Ministry of Micro, Small and Medium Enterprises, EEPC India also suggested increasing the benefits limi...
- Budget 2024 should allow professionals to switch between new and old tax regimes annually like individual taxpayers: Expert viewBudget 2024 expectations: Option to choose tax regime every year while filing income tax return, reduction of income tax rate, simplificati...
- Budget 2023: Income tax changes that professionals, small businesses wantThe government has amended various provisions of the Income-tax Act to make it business-friendly for smal businesses and professionals. How...
- Cabinet clears amendment to LLP Act to decriminalise various provisionsWith the proposed amendments, the total number of penal provisions under the LLP Act will be reduced to 22, compoundable offences will be 7...
- Company Law Committee recommends decriminalisation of LLP Act, introduction of 'small LLPs'The committee also suggested the introduction of the concept of a small LLP in line with small companies under the Companies Act, and provi...
- Limited Liability Partnership framework revamp in the worksA committee will review LLPs, touted as a low compliance hybrid between companies and partnerships.
- Inactive LLPs face heat; nearly 200 face deregistrationLLPs are registered under the Limited Liability Partnership Act, 2008 -- which came into force in 2009 -- and the law is implemented by the...
- RBI should clarify if FDI is allowed in LLPs: AssochamRBI should clarify if foreign direct investment is allowed in limited liability partnership form of business, industry body Assocham said t...
- Solvency, auditing guidelines for LLPs on the cardsThe government is set to introduce stringent solvency and auditing norms for limited liability partnership companies (LLPs).
- Curbs no bar, limited liability partnerships a big hit with companiesAround 4,800 holding firms of Indian corporates across industries have been converted into limited liability partnerships - tax-efficient h...
- Corp ministry to seek review of MAT on LLPsCorporate affairs ministry feels the move is wrongly timed and will further impact the growth of this business model.
- Essar Group favours FDI in LLPsRuia-led conglomerate Essar Group is in favour of allowing foreign direct investment in limited liability partnerships (LLP) as it will hel...
- SMEs take liking to LLPs, large cos stay away due to tax ambiguityLLP, a form of business organisation that combines the benefits of partnership and limited structures, provide firms with greater flexibili...
- Union Budget 2010: Govt exempts LLP firms from paying capital gains taxThe government exempted small companies taking the Limited Liability Partnership route from paying capital gains tax, in a step to boost th...
- LLP law to open credit doors for SMEsSmall and medium enterprises (SME) - the largest job creators in the country accounting for 9% of the GDP - can look forward to greater acc...
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