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On account of its flexibility, compliance, tax, and performance, LLP can be useful for small and medium-sized businesses, in general. Internationally, LLPs are the preferred business vehicle, especially in the service or professional industry. Conversions from an existing business structure can be made to LLP while maintaining the benefits of…

  There are two very new concepts in the changing scenario of corporate law in India. The first is OPC which stands for One Person Company, and other is LLP which stands for Limited Liability Partnership.  The concept of LLP is a modern form of Partnership firm with the advanced…

  The World Bank publishes an index called the “Ease of Doing Business”. It is an aggregation of several characteristics that characterise the ease of doing business in the state. It is calculated by summing the distance to border scores of several economies. The proximity to the Wild West index…

The Real Estate (Regulation and Development) Act, 2016, was enacted to help homebuyers in protection of their rights and interests from the malpractices of the builders. RERA indicates specific standards for building and advancement of land which will upgrade the transparency in exchanges in the real estate sector. It has…

According to Section 2(h) of Indian Contracts Act, 1872 “an agreement enforceable by law is a contact” resultantly an agreement which creates legal obligation is a contract. Further an agreement is a promise or a set of promises forming the consideration for each other and agreement which creates legal obligation…

The point of getting insurance is that it is a high level of certainty. Insurance is a binding agreement between the insurer and the insured party that provides the insurer with access to the best possible care, depending on the purchased policy. The basic need is to make sure that…

Depreciation is a deduction used for the purpose of writing off the value of both the tangible and intangible assets used by the taxpayer over a period of time. Valuation of depreciation is mandatory for deduction in profit and loss statements of Acts allow straight-line method and written down value…

Table of contents: Introduction  Eligibility  Process for acquiring an FSSAI license  Documents required for FSSAI registration  Fee for FSSAI license  Benefits of acquiring FSSAI license  Penalty for Non-Compliance Renewal of FSSAI license Final words  Introduction In India, FSSAI is an authorized organisation that administers and looks over the food business…

This article helps to understand all about 80g and 12ab. The terms and conditions, benefits, the procedure of registering, and amendments under 80g and 12AB are all highlighted below. Table of Contents- What is Section 12AB? Terms and Conditions of Section 12AB Registration Benefits of 12AB Registration Documents required The…

Cash transactions have always played a major role and serve as a constant source of black revenue collection. The government has recently introduced a variety of measures to curb trade in cash payments and improve digital payments. To monitor the use and distribution of black money, governments have been imposing…