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Naeem
I am about to start a company with one partner, we are having trouble choosing a form of a company should it be LLP or we can work it out with a partnership deed.
We have a word with one CA, he is saying that you should go with a partnership deed which has less compliances and dont have company income tax in other case "LLP", you have to pay 30% of total company profit to goverment plus normal income tax.
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Kindly connect at +91-9911744028. Will clear your doubts.
CA Naman Maloo 9 May 2021That depends on your business or service which you wish to give via this company and you may consult for Same on canamanmaloo@gmail.com or book consultation at: https://www.taxontips.com/tax-notice-personal-consultation/
CA Mehul Aggarwal 11 May 2021You may contact us at 9811 896 771 for guidance. Thank you!
CA Stuti Shah 11 May 2021LLP and partnership and partnership firm both have same tax rates no difference on that. Jus the difference is type of entity. You can surely opt for simple partnership if you don't want to fall yourself under more compliances. You can surely contact us in case of further query.
Best wishes for New startup
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Febina Joy
I have terminated my articleship when conpleted one year now i have to join a new firm there is a 50 km criteria for that..but i know a person who did rejoining within 50 kms but she have a time gap of 2 years...will i be able to do so too?
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Gauri Pandey
How can I claim my late IT return
You can file for condonation for filing late income tax return with the Commissioner of Income Tax. For more information, please feel free to contact us at camehulagg (at) gmail (dot) com or call us 9811 89 6771
CA Deepak Kucheria 7 May 2021Please contact at +91-9911744028. Will assist you in return filing.
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Gargi Jain
Can I have two active pf accounts linked with one UAN number. Is it legal in India if I get the salary from two companies and pf deducted from both of them. Please answer my query.
Yes it is legal. And yes, you can link them with one UAN number.
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Rahul
Mr Ram is the Karta of the HUF . His wife wishes to borrow a sum of Rupees 2 Lakh from the HUF and invest the same in post office at 6 percent .As per an agreement entered between her and the husband / Karta she will return this sum of of 2 lakh with 5 % interest to the family HUF. Now , will this sum she will be repaying back to the HUF " as Interest " be allowed as a DEDUCTION from her gross total income under any section of the Income Tax Act ? If yes , which one and what is the maximum limit of deduction on offer for any such interest payments ?
The interest payment can not be claimed as deduction unless this kind of activity is a regular business carried out by her.
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