Starting a business in India has become more flexible and secure with the introduction of Limited Liability Partnerships (LLPs). This business structure, governed by the Ministry of Corporate Affairs and the Limited Liability Partnership Act, 2008, offers a unique blend of advantages from both partnerships and private limited companies. In this article, we’ll explore what…
The process of filing income tax returns has begun, but many salaried taxpayers are unable to file their returns due to not receiving Form 16. This form provides information about your income and the amount of tax deducted. Therefore, it becomes crucial for filing Income Tax Returns (ITR). Similarly, Form 16A and 27D are also…
The Ministry of Corporate Affairs (MCA) has issued a circular (MCA General Circular 08/2023 dated August 23, 2023) to condone the delay in filing of certain LLP forms. The following forms are covered under the condonation scheme: The condonation scheme is applicable to LLPs that have not filed the above forms within the due date….