Form 15CA Filing in India: Complete Guide for Overseas Remittances, Steps, and Compliance
Form 15CA Filing in India: Complete Guide for Overseas Remittances, Steps, and Compliance Form 15CA is a critical compliance requirement when making cross‑border payments from India. Mandated by the Income‑tax Department, it is used to report remittances and ensure proper Tax Deducted at Source (TDS) or withholding tax compliance. Non‑compliance can lead to penalties and even block your remittance process. As a chartered accountant, I have helped numerous clients navigate Form 15CA effectively. This guide explains its purpose, categories, [...]
New TDS Rules for Senior Citizens in India (April 2025): Limits, Exemptions, and Tax-Saving Tips
TDS for Senior Citizens in India (April 2025): Updated Rules, Thresholds & Planning Guide The Income Tax Department has been sending more TDS-related notices, especially to senior citizens who rely on bank interest or pension income. From April 1, 2025, new changes to the Tax Deducted at Source (TDS) regime will directly benefit senior citizens in India by increasing exemption limits and simplifying compliance. This article explains the updated rules, provides examples of how to avoid unnecessary deductions, and [...]
What is Form 3 LLP? Complete Guide on Filing, Purpose, and Compliance
What is Form 3 LLP? Complete Guide on Filing, Purpose, and Compliance When it comes to managing a Limited Liability Partnership (LLP) in India, compliance is key. Among the essential compliance forms under the Limited Liability Partnership Act, 2008, Form 3 plays a crucial role. It is the official document used to file the LLP agreement with the Ministry of Corporate Affairs (MCA). Filing Form 3 ensures the government has a legal record of the mutual rights and obligations [...]
LLP Rules 2009 Explained: Key Compliance Provisions for Limited Liability Partnerships
Understanding the LLP Rules 2009: A Comprehensive Guide for Businesses The Limited Liability Partnership Rules, 2009 (LLP Rules 2009) lay down the legal procedures and operational framework for Limited Liability Partnerships (LLPs) in India. Enacted under the Limited Liability Partnership Act, 2008, these rules ensure that LLPs maintain legal compliance from incorporation to dissolution. Whether you're setting up an LLP, managing regulatory filings, or advising clients, understanding these rules is essential. This article demystifies the LLP Rules 2009 in [...]
LLP Registration Fees in India: Government Charges, Stamp Duty & Other Costs Explained
LLP Registration Fees in India: Government Charges, Stamp Duty & Other Costs Explained Starting a Limited Liability Partnership (LLP) in India is an increasingly popular choice among startups, professionals, and small businesses due to its simple structure, limited liability, and ease of compliance. However, before diving in, it's essential to understand the costs involved in registering an LLP, including government filing fees, professional charges, and stamp duty payable on the LLP agreement. This article provides a detailed overview of [...]
Designated Partner in LLP: Role, DIN & Compliance Explained
Who Is a Designated Partner in an LLP? Roles, Qualifications, DIN, and More In India, Limited Liability Partnerships (LLPs) offer a flexible structure with the benefits of limited liability and partnership-like operations. However, every LLP must appoint at least two designated partners who hold greater legal responsibility than regular partners. Understanding who a designated partner is, how they differ from other types of partners, and their compliance duties is critical for any business planning to register as an LLP. [...]
