This article would through light on procedural aspect of LLP right from the incorporation to winding up.
A.        INTRODUCTION
The concept of Limited Liability Partnership (LLP) in India is viewed as an alternative corporate business vehicle that provides the benefits of limited liability and also allows its members the flexibility of organizing their internal structure as [...]

When do we have to pay advance tax?What is a Advance Tax?
Tax shall be payable in advance during any financial year in every case      where the amount of such tax payable by the assessee during that year is Rs.10000 or more.

Instalments of advance tax and due dates:

Minimum amount payable

Due date in the [...]

Input Tax Credit (VAT) explainedWHAT IS INPUT TAX CREDIT ?
The essence of VAT is in providing set-off for the tax paid earlier, and this is given effect through the concept of input tax credit or rebate. The Input tax credit in relation to any period means setting off his Output tax. The value addition to [...]

Should I file taxes when my business is making losses?Are you wondering if you ever have to face the taxman when your business is making losses?  The answer is a big YES! and even better before the due date. You might want to file a tax return to set off losses of the current year [...]

How to Register with Excise?What is Excise?
An excise or excise tax (sometimes called a duty of excise or a special tax) may be defined broadly as an inland tax on the production for sale; or sale, of a specific good (Goods specifically identified at the time a contract of sale is made) or narrowly as [...]

FAQ on service tax on Construction Service

A ‘deemed service’ provision has been introduced in case of construction service w.e.f. 1-7-2010. Any industrial or commercial construction or construction of residential complex will be subject to tax if [...]

How to Register with Service Tax?What is Service Tax?
Service tax is an indirect tax levied under the Finance Act, 1994, [...]

How to plan your marriage?Apart from all the excitement it brings, Getting married is the biggest plan of your life. A plan which would decide what your remaining life would look like. Once you narrow in on your wedding plans, you would do well to understand its tax implications. [...]

What can happen if you fail to deduct taxes at Source (T.D.S)The Revenue authorities have asked most of us to deduct taxes at source on certain payments at specified rates and remit into government revenue. If you happen to make any of these payments, you are expected to:

Apply for a TAN

Deduct tax at prescribed rates
Remit [...]

Some Common Questions on Service Tax Answered by G.V Naik, D.G of Service TaxCommon Questions on Service Tax
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