![Amount paid to Partner of LLP out of balance of Accumulated Profits due to Commercial Expediency Not Taxable as “Capital Gain”, No violation of S. 47(xiiib)(f): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/LLP-Accumulated-Profits-Taxable-Capital-Gain-S47xiiibf-ITAT-TAXSCAN.jpg "Amount paid to Partner of LLP out of balance of Accumulated Profits due to Commercial Expediency Not Taxable as “Capital Gain”, No violation of S. 47(xiiib)(f): ITAT [Read Order]")
Amount paid to Partner of LLP out of balance of Accumulated Profits due to Commercial Expediency Not Taxable as “Capital Gain”, No violation of S. 47(xiiib)(f): ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) removed the Assessing Officer's addition and determined that the sum given to the LLP...
![Benefit of India UK DTAA allowable to LLP on portion of Income from Indian Engagements: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Benefit-of-India-UK-DTAA-allowable-to-LLP-on-portion-of-Income-from-Indian-Engagements-ITAT-TAXSCAN.jpg "Benefit of India UK DTAA allowable to LLP on portion of Income from Indian Engagements: ITAT [Read Order]")
![Capital Asset of Company Transferred as LLP not amounts to Transfer, Addition on Non-Compliance of S. 47(xiiib) not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Capital-asset-LLP-ITAT-taxscan.jpg "Capital Asset of Company Transferred as LLP not amounts to Transfer, Addition on Non-Compliance of S. 47(xiiib) not sustainable: ITAT [Read Order]")
![IBBI confirms Order suspending IP Registration of Deloitte Partner for 3 Years [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/IBBI-IP-Registration-Deloitte-taxscan.jpg "IBBI confirms Order suspending IP Registration of Deloitte Partner for 3 Years [Read Order]")
![MCA extends Timeline for filing of Form 11 by LLPs [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/05/MCA-filing-of-Form-11-LLPs.jpg "MCA extends Timeline for filing of Form 11 by LLPs [Read Notification]")
ICAI asks Chartered Accountants to follow Strict Compliance Verification / Clarification of documents related to incorporation of Company or LLP
The Institute of Chartered Accountants of India ( ICAI ) has asked the Chartered Accountants to follow Strict Compliance Verification / Clarification of documents related to the incorporation of a...
Instant PAN and TAN with Certification of Incorporation: MCA notifies LLP Second Amendment Rules 2022 [Read Notification]
The Ministry of Corporate Affairs (MCA) vide its Notification dated 04th March, 2022 has notified Limited Liability Partnership (Second Amendment) Rules, 2022 to amend the existing Limited Liability...
![Instant PAN and TAN with Certification of Incorporation: MCA notifies LLP Second Amendment Rules 2022 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/03/PAN-TAN-LLP-LLP-Second-Amendment-Rules-2022-Certification-of-Incorporation-MCA-Taxscan.jpg "Instant PAN and TAN with Certification of Incorporation: MCA notifies LLP Second Amendment Rules 2022 [Read Notification]")
ICAI extends Last Date for submission of application for Empanelment of CA Firms or LLPs with O/o C&AG for 2022-23
The Institute of Chartered Accountants of India (ICAI) has extended the last date for submission of application for Empanelment of CA firms or LLPs with O/o C&AG for 2022-23. “Considering the...
![MCA notifies effect date for Provisions of LLP (Amendment) Act, 2021 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/02/MCA-effect-date-provisions-Limited-Liability-Partnership-Amendment-Act-date-LLP-Taxscan.jpg "MCA notifies effect date for Provisions of LLP (Amendment) Act, 2021 [Read Notification]")
MCA delegates Powers under LLP Act to Regional Directors at Mumbai, Kolkata, Chennai, New Delhi, Ahmedabad, Hyderabad, Guwahati [Read Notification]
The Ministry of Corporate Affairs (MCA) has delegated the Powers under LLP Act to Regional Directors at Mumbai, Kolkata, Chennai, New Delhi, Ahmedabad, Hyderabad, Guwahati. “In exercise of...
![MCA delegates Powers under LLP Act to Regional Directors at Mumbai, Kolkata, Chennai, New Delhi, Ahmedabad, Hyderabad, Guwahati [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/02/MCA-Powers-LLP-Act-Regional-Directors-Mumbai-Kolkata-Chennai-New-Delhi-Ahmedabad-Hyderabad-Guwahati-Taxscan.jpg "MCA delegates Powers under LLP Act to Regional Directors at Mumbai, Kolkata, Chennai, New Delhi, Ahmedabad, Hyderabad, Guwahati [Read Notification]")