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...
PSBs tap liquidity buffer to meet strong loan demandPublic sector banks are seeing their liquidity coverage ratios decline. This trend is driven by strong loan demand outpacing retail deposit...
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...
First families of biz face higher tax on share sale profitsA new income tax bill threatens to increase taxes for Indian promoters and family offices using LLPs for investments. The proposed law expa...
Plans afoot to put LLPs and cos on par in accountingThe Indian government is considering implementing new accounting standards for large limited liability partnerships (LLPs) to enhance trans...
India sees 12% surge in company registrations, 73% jump in LLPs in JuneCompany registrations in India showed a notable rebound in June, marking a 12% increase compared to the previous year, according to data fr...
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...
Government to bring settlement scheme for LLPsThe government will come out with a one-time settlement scheme for Limited Liability Partnerships (LLPs) that will provide more time to sub...
DIPP urges RBI to notify FDI policy for limited partnershipsIndustry department has requested RBI to urgently notify the provisions of foreign investment policy for LLPs at the earliest.
- CAG wants to audit all government LLPs
At present there are 7,950 LLPs in the country and the ROC does not collect separate data for state run LLPs. “The number should be very le...
- Solvency, auditing guidelines for LLPs on the cards
The government is set to introduce stringent solvency and auditing norms for limited liability partnership companies (LLPs).
- Govt partially opens LLPs to foreign investments
Foreign direct investment in LLPs will be allowed only in those sectors where 100% foreign ownership is permitted.
- Silence on FDI in LLPs worries experts
The 18.5% alternate minimum tax on limited liability partnerships announced in the Budget could queer the pitch for entrepreneurs with plan...
- Foreigners may get to set up LLPs in sectors open to FDI
LLPs share many of its features with normal partnerships, but partners will have reduced personal responsibility for its business debts as ...
- Finance, commerce ministers clash over foreign investment in LLPs too
Finance ministry wants LLPs to have the same FDI guidelines that govern companies commerce ministry has suggested a 49% limit on foreign in...
- LLPs may be treated on par with Partnerships for taxation
The Union budget is expected to provide clarity on taxation of limited liability partnerships (LLPs) by treating them like partnership firm...