I need to create a limited liability entity to run a business and am trying to decide whether to go with an LLP or a Pvt. Ltd. One of my major considerations is to have a structure that allows me to have easy access to the use the profits that will be generated in the business. Since this business will be the only source of income for me, it is important that I be able to use the money that is earned for business as well as personal requirements.

From what I understand, the only tax efficient way to take money out from a Pvt. Ltd. is by way of salary. Dividend leads to double taxation and a buyback of shares by an unlisted company would attract capital gains. Compared with this, in an LLP, although remuneration is limited, one can withdraw capital/accrued profits when required and also charge an interest on capital.

Would like to know if I am missing anything and any other inputs that would help me make a better decision. Also, as far as remuneration (salary + commission) to directors in a Pvt. Ltd. is concerned, are there any upper limits or is it left to an assessing officer to decide if the remuneration is reasonable. For e.g., if the profit after all expenses but before Directors remuneration is Rs. 1,00,00,000, what is the maximum that a Director can take as remuneration without attracting the ire of the IT department.

Please note that all Directors/Partners will be family members.

Thanks in advance.

Can u send me the board resolution for remuneration to director

I am working in finance department of a company so i hav to prepare a project finance report so that our company can take loan for its project so will suggest me that before preparing this report what are the docments are required and and our comonay is telecommunication networking testing co. so how this procedure is to be done..

Sir tax ke return ke sath tax bhe pay karna padta hai kya yar only taxable income ko show kiya jata hai and my 2nd question is, sir service tax me ab form no. ST-3, GAR-7 challan form nahe dena padta kya,

one partner out of two partners died recently. So the partnership is dissolved. but the remaining one partner is willing to carry on the business. What to do next to proceed further with the same business ? tell me what are the rights of the legal hier of the deceased partner.?? please consult

I have cleared my icwa final and i have to apply for membership.For applying Membership there should be Work Experience of 3 Years.

I am Working in a C.A. Firm at Mumbai from last 3.5 years in Accounts, Taxation and Audit field, will this work experience eligible for applying membership.

Also i am a C.A. Final Student, i have done my articleship in the same firm for 3 years and continued as employee for 3.5 years other than articleship of 3 years.

Please Guide

Dear Sir,

Please suggest the solution for this..

we have a partnership firm registered in 1996 with 4 partners, after few years 2 partners were gone out in 2006. From 2006 the remaining two partners were carrying business up to 31/03/2013 and they intended to dissolved the firm now. (All proceedings were registered with "Register of Firms")
From this i have a doubt that the dissolution deed will make between two partners or all four partners.(if format available then kindly attached.)

thanks in advance.

Sir tellme service tax me section 66BA?

pl send me tax deposit date (vat,tds,service tax,pf,esic)

pl send me cv-format