A Limited Liability Partnership (LLP) is a business structure that combines the liability protection of a corporation with the operational flexibility and tax benefits of
A Limited Liability Partnership (LLP) is a distinct legal entity designed to conduct business while limiting the liability of its partners. In an LLP, partners
A Private Limited Company (Pvt Ltd) is a privately held business entity registered under the Companies Act, 2013. It requires a minimum of two members
Many people have come across businesses with names ending in Ltd or PLC, indicating their status as either a private or public limited company. However,
Have you ever heard the term ‘leave encashment’ and wondered what it means? For salaried employees, leave encashment is a crucial aspect of compensation. It
The Indian tax system employs a crucial mechanism known as Tax Deducted at Source (TDS), a system designed to ensure consistent revenue collection by deducting
When selling property in India, sellers must account for various taxes including capital gains tax, cess, and TDS. These taxes must be calculated and paid
In India, an individual’s tax liability is determined by their residential status, which is classified into three categories under the Income Tax Act of 1961:
Hello everyone! Today, let’s delve into Section 10 of the Income Tax Act, which provides various exemptions to help minimize your income tax burden. What
What is a Private Limited Company? A Private Limited Company (PLC) is a business structure that is commonly preferred by small businesses and startups. This
