LLP registration in India The whole idea of Limited Liability Partnership (LLP) is very common in India. This specific partnership pinpoints the fact that some partners in a partnership may have limited liabilities. Importantly, under LLP one partner is not responsible or liable for another partner’s misconduct or in any negligence. One can definitely say, […]
How GST complicates the employee – employer relationship “How would you treat a car given to employees for their use under GST (goods and services tax)?” a tax head of a car company asked me.
Assessments under GST Type of Assessment Self Assessment Provisional Assessment Scrutiny Assessment Summary Assessment in special cases Assessment of Non Filers of return Assessment of unregistered Dealer
Paying Rs 50,000 rent? Better cut 5% TDS Individuals who are paying a rent of over Rs 50,000 every month required to deduct TDS at 5%. The related section in the Income Tax Act is section 194IB — which was introduced by the Finance Act, 2017 and it has broad scope of withholding tax by […]
How to calculate capital gains Calculation of capital gains can be a complex and challenging mission relying on the nature and the number of transactions undertaken by the assessee in a financial year. It is always suggested to take the advice from an professional like a chartered accountant for the same. However, Assessee can also […]