Business and Corporate Taxation

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  • Who is Eligible to Be a Member of an OPC?

    An individual who is an Indian citizen and an Indian resident is eligible to apply or act as a One Person Company (OPC) member or nominee.  In the above statement,...

     
    VM Last reply by Varun Malhotra
    • 8 Replies

  • What is the Difference Between Sole Proprietorship and One Person Company?

    A sole proprietorship is a simple business that is carried by a single individual. This is registered under an individual name, and the sole proprietorship is only responsible for all...

     
    KS Last reply by Karan Singh
    • 4 Replies

  • What is an S-corporation?

    An S-Corp is a structure of business that allows small businesses to pass their deductions, incomes, and credits to the shareholders directly, avoiding any federal corporate tax with full liability...

     
    VO Last reply by Viraj Oberoi
    • 3 Replies

  • What is LLC in India?

    An LLC (limited Liability Company) is a business structure that provides legal protection to all of its owners. The number of the LLC members' liability is limited to their investments...

     
    VR Last reply by Vikram Rao
    • 3 Replies

  • What are the Disadvantages of LLP?

    If an LLP fails to file the annual income tax return and the Ministry of Corporate Affairs, then they need to pay a penalty of INR 100 per day, which...

     
    AC Last reply by Anjali Chauhan
    • 3 Replies

  • What is the Difference Between C Corp and S Corp?

    A C-corp is a company that provides stocks to the shareholders, and a C-corp is owned by the board of directors. A C-corp protects its shareholders from business-related liability, which...

     
    S Last reply by Savetaxs
    • 3 Replies

  • What is the Difference Between LLP and LLC?

    Here are some of the differences between the LLC and LLP:  An LLC is formed by the single or multiple owners, and an LLP is formed by multiple businesses.  LLC...

     
    AC Last reply by Anjali Chauhan
    • 6 Replies

  • Can LLP Give Loan to Company?

    Yes, an LLP can give a loan to a company, which is subject to some rules and regulations:  LLPs are known as legal entities, which gives them the authority for...

     
    DV Last reply by Dhruv Verma
    • 2 Replies

  • What is the Difference Between Sections 444ad and 44ada?

    Here are a few differences between the sections 44AD and 44ADA:  Under Section 44AD, resident individuals, HUFs, partnerships, firms, or individuals who have not claimed any profit-linked deductions are eligible...

     
    LJ Last reply by lucky jain
    • 7 Replies

  • How is Section 44AE Calculated?

    If you have qualified for all the eligibility criteria for presumptive taxation, then you can easily calculate your income under this scheme.  For the heavy goods vehicle, the tax amount...

     
    S Last reply by Savetaxs
    • 3 Replies
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