Compliance requirement of Limited Liability Partnership and Consequences of non-compliance

Limited liability partnership (LLP) registration is administered by the Ministry of Corporate Affairs, Government of India, through the office of the Registrar of Companies.Limited liability partnership (LLP) registration is administered…

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Allowability of foreign taxes paid as business expenditure under the Income-tax Act, 1961 – A possibility ?

The Indian economy, for a considerable period, has been a captivating investment destination for various multinational corporations.The Indian economy, for a considerable period, has been a captivating investment destination for…

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Assessment of assessee based on incriminating material found during search on any other person – A study

Section 153A provides the procedure for completion of assessment in case of a person where a search is initiated under Section 132 or books of account or other documents or…

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“Emerging jurisprudence” as regard the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Since the notification of theBlack Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (‘BM Act’ in short), w.e.f 1st July, 2015, slowly and gradually the legal…

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