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Designated Partner in LLP: Role, DIN & Compliance Explained
Designated partner in LLP explained. Covers roles and responsibilities, DIN requirements, difference from regular partners, appointment and resignation process, and compliance obligations under the LLP Act 2008.
LRS Scheme Limit Explained: Remitting Money Abroad from India?
LRS scheme limit explained for remitting money abroad from India. Covers the USD 250,000 annual limit, permitted and restricted remittances, TCS applicability, and RBI rules for individuals under the LRS framework.
Surcharge on Income Tax in India: Meaning, Rates & Marginal Relief Explained
Surcharge on income tax in India explained. Covers applicable surcharge rates for individuals, firms, and companies, marginal relief provisions, and how surcharge impacts the effective tax rate on high incomes.
Tax Audit Applicability Under Section 44AB: Who Needs a Tax Audit and When?
Tax audit applicability under Section 44AB explained. Covers who needs a tax audit, turnover thresholds for business and profession, presumptive taxation exceptions, and due date for filing Form 3CA/3CB and 3CD.
What is Rule 16(2) of LLP Rules? Additional Address for LLP
Rule 16(2) of the LLP Rules explained. Covers the provision allowing an LLP to maintain an additional address for receiving documents and notices, how to register it with the MCA, and compliance implications.
Salient Features of Limited Liability Partnership (LLP) in India
Salient features of a Limited Liability Partnership (LLP) in India. Covers separate legal entity status, limited liability, flexible management, no minimum capital requirement, and compliance advantages over a company.
