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What and when is LLP Compliance Mandatory ?

ROC filing for Limited Liability Partnership Limited Liability Partnerships have to get the books of account audited by practising Chartered Accountants, mandatory whose turnover is more than INR 40 lakh or whose contribution has exceeded INR 25 lakh. Every LLP is required to have at least two Designated Partners who

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Tax Audit Applicability of Section 44AB

TAX AUDIT What is Tax Audit under section 44AB? Tax audit is the examination of a business or individual official document by the Internal Revenue Service (IRS) or state tax authority. The purpose of the Tax Audit is to make sure that books of accounts are maintained in accordance with

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How to save taxes under section 80C

HOW TO SAVE TAXES UNDER SECTION 80C There are various deductions which a taxpayer can claim from his/her total income to bring down taxable income and thereby reduce the tax outgo. In this article, we will discuss some of the important deductions under Section 80C a taxpayer can claim. Investment

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