partnership deed amendment

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Ordinance passed by govt empowering RBI to tackle NPA


The promulgation of Banking Regulation Amendment Ordinance 2017 will lead to effective resolution of stressed assets particularly in consortium or multiple banking arrangements The Ordinance enables the Union Government to authorize the Reserve Bank of India RBI to direct banking companies to resolv

Implementation guide on Auditor's report


Implementation Guide on Auditors Report under Rule 11 d of Companies Audit and Auditors Amendment Rules 2017 and Amendment to Schedule III to Companies Act 2013 Pursuant to Notification No G S R 307 E and Notification No G S R 308 E dated 30th March 2017 Introduction The Ministry of Corporate Affair

CBDT invites comments on notification issued to stop misuse of long term capital gain


Central Board of Direct Taxes requests for stakeholders comments on draft of Notification to be issued Under Section 10 38 of the Income tax Act 1961 Section 10 38 of the Income tax Act 1961 the Act prior to its amendment by Finance Act 2017 provided that the income arising by way of a transfer of l

Cabinet approves moving of official amendments to The Companies (Amendment) Bill, 2016


Cabinet approves moving of official amendments to The Companies Amendment Bill 2016 To be Tabled in Parliament The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal to move official amendments to the Companies Amendment Bill 2016 The Bill will be introduced in

Cabinet abolishes cesses and surcharges in Custom and Excise to facilitate GST implementation


Cabinet approves Amendment of in the Customs and Excise Act relating to abolition of cesses and surcharges on various goods and services to facilitate implementation of GST Regime Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the following proposals i Amendment to the C

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Experts Opinions

Taxability of partnership firm u/s 44ad/ada


Hi There is a partnership firm having 2 partners Firm is into development of website and software taking contracts online from outside India and accepting payments from paypal Firm has hired persons capable of doing the task The partners of the firm DO NOT have any qualification into software develo

Partnership


A firm has 9 partners One of the partner has started a similar business in the same town which is against d clause in the partnership deed Now my query is invoking d clause in the deed can other partners remove that partner

law about unsequered loan by partnership firm


what is the law about unsecured loan taken by an audited partnership firm e g can take u s loan from any individual or huf etc can take only from partner

Partnership


A firm has 9 partners One of the partner has started a similar business in the same town which is against d clause in the partnership deed Now my query is invoking d clause in the deed can other partners remove that partner and if that is not willing to resign what is other way out

Sale of fllat on retransfer of title deed by our daughter


The purchased a flat in 2009 for Rs45 lakhs We transferred the title of our flat in 2012 by deed of settlement in the name of our daughter who was an Indian Passport holding NRI under green card visa living in USA with her husband She is now a US citizen since April 2016 and has renounced her Indian

Discussion

Incorporation date when partnership converted to llp

Partnership firm is Incorporated in 2011 ans having a valid PAN since then Now if it is converted to LLP today What will be its date of incorporation on PAN Will be be 2011 or present

Sec 44 ad with refernece to partnership firm

sir in case of partnershp firm there is a loss of 4000 after allowing partners salary of 160000 total receipts are 450000 approx please clarify the tax if any according to sec 44 AD

Partnership

A firm has 9 partners One of the partner has started a similar business in the same town which is against d clause in the partnership deed Now my query is invoking d clause in the deed can other partners remove that partner

partnership deduction

interest and remuneration to partners allowable for deduction in partnership firm for ay 2017 18

Whether an llp can become a partner in another partnership f

Since the liability of partners in partnership firm is unlimited and in LLP their liability is limited whether an LLP can become a partner in another Partnership firm

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Articles

The Banking Regulation (Amendment) Ordinance, 2017


An Ordinance further to amend the Banking Regulation Act 1949 WHEREAS the stressed assets in the banking system have reached unacceptably high levels and urgent measures are required for their resolution AND WHEREAS the Insolvency and Bankruptcy Code 2016 has been enacted to consolidate and amend th


Analysis of 37th Report Standing Committee on the Companies (Amendment) Bill, 2016


Standing Committee on Finance 2016 17 in Sixteenth Lok Sabha present most awaited 37th Report on The Companies Amendment Bill 2016 The Standing Committee considered and adopted this report at their sitting held on 30th November 2016 The Companies Amendment Bill 2016 was referred to the Standing Comm


Rajya Sabha passes all four GST Bills without amendments


On Thursdayi e April 6 2017 the Rajya Sabha has passed four supplementary GST legislations without amendments by a voice vote as all parties were on board The four Bills are as under The Central Goods and Services Tax Bill 2017 The Integrated Goods and Services Tax Bill 2017 The Goods and Services T


Significant Amendments proposed in GST Bill as introduced in Parliament on 27th March, 2017


Government is not leaving any stone unturned to get the GST implemented from 1st July 2017 Now with the Introduction of GST Bill in Parliament it now appears certain that India will be headed for a GST rollout from 1ST July 2017 Government earlier on June put in public domain the Model GST Law for s


Partnership in corporate social responsibility


CORPORATE SOCIAL RESPONSIBILITY AND SELECTION OF ORGANISATION FOR PARTNERSHIP We Indians have charity inherited in our heart we have grown by seeing that our fathers and forefathers are donating in various temples mosques gurudwaras and churches We are donating or doing philanthropic works without k


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Updated on : 5/23/2017 10:04:21 AM


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