The document discusses taxation of Limited Liability Partnerships (LLPs) in India. Key points include:
1. LLPs are taxed like partnerships - they pay a 30% flat tax rate plus education cess on total taxable income.
2. Remuneration to working partners and interest on capital to partners are deductible expenses for the LLP if certain conditions are met.
3. The remuneration and interest received by partners is taxable as business income in their individual tax returns.
Limited Liability Partnerships (LLP)- An OverviewChhavi Sharma
Limited Liability Partnerships (LLP) are becoming an upcoming trend of corporate structure with increased flexibility of partnerships & lesser compliance costs. The shared slide aims at providing a brief overview about the meaning & statutory requirements for incorporation, pros/cons and formation procedure for LLPs. Certain provisions of the Limited Liability Partnership Act, 2008 have been specified herein. Further, recent notification issued by RBI regarding acceptance of direct investment from the foreign investors in LLPs has also been focused upon.
Foreign investment in Indian limited liability partnerships is allowed in sectors permitting 100% foreign direct investment under the automatic route. Such investment requires prior government or Foreign Investment Promotion Board approval. The investment must be equal to or greater than the fair market price of the capital contribution or profit share, as determined by a valuation certificate. Reporting of the investment details to the Reserve Bank of India is mandatory within certain timelines. Downstream investments by LLPs receiving foreign investment are prohibited.
Foreign investment in Indian limited liability partnerships is allowed in sectors that permit 100% foreign direct investment under the automatic route. Such investment requires prior government or Foreign Investment Promotion Board approval. Eligible investors are foreign residents or entities incorporated outside India, excluding citizens of Pakistan and Bangladesh. The investment must be equal to or greater than the fair market valuation of the LLP capital or profits, as determined by a chartered accountant. Remittances can only be made in cash through banking channels, and investments must be reported to the Reserve Bank within specified timelines. Downstream investments by LLPs are not permitted.
The document discusses limited liability partnerships (LLPs) under Indian law. It provides details on:
- The LLP Act of 2008 that governs LLPs and key committees that recommended establishing LLPs.
- Benefits of LLPs such as enabling professional expertise to operate flexibly while providing limited liability.
- Salient features of LLPs including their legal status, liability of partners, governance through LLP agreements.
- Procedures for forming an LLP including designating partners, reserving a name, drafting agreements, and registering with the Registrar of Companies.
Brief presentation on Financial and Legal aspects for setting up of Business ...Sameer Mittal
The document discusses the various structures available to set up a business in India, including sole proprietorships, partnerships, limited liability partnerships, private companies, and public companies. It provides details on the legal and financial requirements for each structure, covering aspects like registration requirements, liability of owners, taxation, and more. Foreign companies can also establish a presence in India through liaison offices, project offices, branches, or by setting up a wholly owned subsidiary or joint venture.
The document outlines the rules for foreign direct investment in Limited Liability Partnerships (LLPs) in India. It states that foreign individuals and entities not from Pakistan, Bangladesh, or registered with SEBI can invest in LLPs operating in sectors that allow 100% foreign ownership. The investment must be equal to or more than fair market value, paid in cash, and reported to the Reserve Bank of India. Downstream investments by LLPs with foreign ownership are restricted, and LLPs must comply with additional rules including on designated partners and conversion from companies.
Joint Venture & Strategic Alliance- hu consultancyHU Consultancy
This document provides an overview of joint ventures and strategic alliances. It defines a joint venture as a business arrangement where two or more parties pool resources to achieve a goal, sharing both risks and rewards. Key objectives of joint ventures include gaining access to new markets, reducing costs, and risk sharing. The document outlines the key differences between equity-based joint ventures, which create a new shared entity, and strategic alliances, which do not share ownership. It provides details on forming a joint venture company, prohibited sectors for foreign investment, and critical factors for a successful joint venture such as trust between partners and clear objectives.
Joint Venture & Strategic Alliance- hu consultancyHU Consultancy
A Joint Venture (JV) is a business arrangement in which two or more parties agree to pool their resources and expertise to achieve a particular goal. The risks and rewards of the enterprise are also shared.
For Joint Venture & Strategic Alliance contact us at (020) 2442 – 0209. Visit http://huconsultancy.com/
Limited Liability Partnerships (LLP)- An OverviewChhavi Sharma
Limited Liability Partnerships (LLP) are becoming an upcoming trend of corporate structure with increased flexibility of partnerships & lesser compliance costs. The shared slide aims at providing a brief overview about the meaning & statutory requirements for incorporation, pros/cons and formation procedure for LLPs. Certain provisions of the Limited Liability Partnership Act, 2008 have been specified herein. Further, recent notification issued by RBI regarding acceptance of direct investment from the foreign investors in LLPs has also been focused upon.
Foreign investment in Indian limited liability partnerships is allowed in sectors permitting 100% foreign direct investment under the automatic route. Such investment requires prior government or Foreign Investment Promotion Board approval. The investment must be equal to or greater than the fair market price of the capital contribution or profit share, as determined by a valuation certificate. Reporting of the investment details to the Reserve Bank of India is mandatory within certain timelines. Downstream investments by LLPs receiving foreign investment are prohibited.
Foreign investment in Indian limited liability partnerships is allowed in sectors that permit 100% foreign direct investment under the automatic route. Such investment requires prior government or Foreign Investment Promotion Board approval. Eligible investors are foreign residents or entities incorporated outside India, excluding citizens of Pakistan and Bangladesh. The investment must be equal to or greater than the fair market valuation of the LLP capital or profits, as determined by a chartered accountant. Remittances can only be made in cash through banking channels, and investments must be reported to the Reserve Bank within specified timelines. Downstream investments by LLPs are not permitted.
The document discusses limited liability partnerships (LLPs) under Indian law. It provides details on:
- The LLP Act of 2008 that governs LLPs and key committees that recommended establishing LLPs.
- Benefits of LLPs such as enabling professional expertise to operate flexibly while providing limited liability.
- Salient features of LLPs including their legal status, liability of partners, governance through LLP agreements.
- Procedures for forming an LLP including designating partners, reserving a name, drafting agreements, and registering with the Registrar of Companies.
Brief presentation on Financial and Legal aspects for setting up of Business ...Sameer Mittal
The document discusses the various structures available to set up a business in India, including sole proprietorships, partnerships, limited liability partnerships, private companies, and public companies. It provides details on the legal and financial requirements for each structure, covering aspects like registration requirements, liability of owners, taxation, and more. Foreign companies can also establish a presence in India through liaison offices, project offices, branches, or by setting up a wholly owned subsidiary or joint venture.
The document outlines the rules for foreign direct investment in Limited Liability Partnerships (LLPs) in India. It states that foreign individuals and entities not from Pakistan, Bangladesh, or registered with SEBI can invest in LLPs operating in sectors that allow 100% foreign ownership. The investment must be equal to or more than fair market value, paid in cash, and reported to the Reserve Bank of India. Downstream investments by LLPs with foreign ownership are restricted, and LLPs must comply with additional rules including on designated partners and conversion from companies.
Joint Venture & Strategic Alliance- hu consultancyHU Consultancy
This document provides an overview of joint ventures and strategic alliances. It defines a joint venture as a business arrangement where two or more parties pool resources to achieve a goal, sharing both risks and rewards. Key objectives of joint ventures include gaining access to new markets, reducing costs, and risk sharing. The document outlines the key differences between equity-based joint ventures, which create a new shared entity, and strategic alliances, which do not share ownership. It provides details on forming a joint venture company, prohibited sectors for foreign investment, and critical factors for a successful joint venture such as trust between partners and clear objectives.
Joint Venture & Strategic Alliance- hu consultancyHU Consultancy
A Joint Venture (JV) is a business arrangement in which two or more parties agree to pool their resources and expertise to achieve a particular goal. The risks and rewards of the enterprise are also shared.
For Joint Venture & Strategic Alliance contact us at (020) 2442 – 0209. Visit http://huconsultancy.com/
CONVERSION OF PARTNERSHIP FIRM INTO LLPANMOL GULATI
-This document contains all the conceptual knowledge about: 1. partnership firm 2. LLP
- suitability/ unsuitability of both form of organisations
- benefits of LLP over firm
- Conversion process
- statutory compliances
The document summarizes new regulations affecting the company secretaries profession, including the Limited Liability Partnership Act, 2008 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. It also discusses forthcoming regulations like the Goods and Services Tax and Direct Tax Code. The LLP Act provides a new business structure combining limited liability and partnership taxation. Key points of the ICDR Regulations and its replacement of older guidelines are noted. An overview of the proposed GST framework and goals of the upcoming Direct Tax Code is also provided.
The document summarizes new regulations affecting the company secretaries profession, including the Limited Liability Partnership Act, 2008 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. It also discusses forthcoming regulations like the Goods and Services Tax and Direct Tax Code. The LLP Act provides a new business structure combining limited liability and partnership taxation. Key points of the ICDR Regulations and changes made are noted. Details on GST thresholds and its proposed implementation by 2010 are provided. The Direct Tax Code aims to replace and simplify income tax laws.
Limited Liability Partnership (LLP) provides benefits of limited liability but allows members flexibility to organize internally as a partnership. An LLP is a separate body corporate formed under the LLP Act. It must have at least 2 partners (individuals or bodies corporate) and 2 designated partners, at least one of whom must reside in India. Partners have limited liability for LLP obligations. An LLP must be registered with the Registrar of Companies and comply with annual accounting and audit requirements. Rights of partners may be transferred but not management participation. Foreign LLPs must register a place of business in India. Partnership firms, private/unlisted public companies can convert into an LLP.
This PPT explains about Angel Tax & Start-Ups:
1. What is Angel Tax?
2. What are Startups?
3. Is every startup eligible for benefit under Income Tax Act?
4. Tax Rates of Startups
5. Relaxation from Angel Tax
6. Exemptions from Angel Tax
7. Computation of Angel Tax
8. Computation of Fair Market Value of Shares, etc.
For more updated information on Angel Tax & Startups, click here: http://bit.ly/2JRvx7H
The document provides an overview of Limited Liability Partnerships (LLPs) in India. It discusses the history and legislation around LLPs, outlines key features of the LLP Act including structure, partners and compliance requirements, compares LLPs to other business structures, and concludes that LLPs provide a flexible new option for businesses in India.
This document provides an overview of direct tax implications in India for companies looking to do business in the country. It discusses key aspects like the scope of taxable income for resident and non-resident companies, applicable corporate tax rates, considerations around dividend income, minimum alternate tax, and other tax obligations. The document also covers indirect tax implications and specifics of the taxation system relevant for non-resident entities operating in India.
Korean-Thai Chamber of Commerce Legal Seminar on Employment and Labour Protec...Vincent BIROT
On 29th June 2017 the KTCC organized a half-day seminar on legal issues focusing on employment and labour protection law, merger and acquisition and legal updates. Lawyers from LawPlus Ltd., led by Kowit Somwaiya, Managing Partner, spoke at the seminar on an exclusive basis. The presentation took 3 hours followed by a Q&A session for 1 hour. The seminar was held at Dusit Thani Pattaya Hotel and attended by 140 attendees.
The document discusses taxation issues related to the conversion of a limited liability company to a limited liability partnership (LLP) in India. It outlines some key conditions under Section 47(xiiib) of the Income Tax Act of 1961 that must be satisfied for the asset transfer during conversion to be exempt from taxation. One such condition is that the total sales of the company in the previous three years cannot exceed Rs. 60 lakhs. However, this is becoming an impediment for larger companies seeking to benefit from converting to an LLP. The document then discusses three potential views on taxation if this Rs. 60 lakh condition is breached.
Limited liability partnership gowtam bhatSVS College
seminar paper presented by Gowtam Bhat, a student of II year B.Com of SVS College, Bantwal, Karnataka under the auspices of Commerce Association-focus is on LLP in India
The document provides a comparative analysis of the original and revised UAE Economic Substance Regulations. It summarizes the key changes made between the original law (CD 31 of 2019) and regulations (MD 100 of 2020) and the revised law (CD 57 of 2020) and regulations (MD 215 of 2019).
Some of the major changes included expanding the definition of licensee, adding definitions for key terms, clarifying the activities subject to economic substance requirements, streamlining the notification process, and specifying documentation required to be submitted including financial statements. Exemptions were also expanded and certain activities like operating leases were removed from being considered relevant activities. The role of the National Assessing Authority was clarified.
The document outlines key aspects of Limited Liability Partnerships (LLPs) under the Limited Liability Partnership Act, 2008 in India. It discusses the hybrid business form of LLPs, requirements for partners and designated partners, incorporation process, ongoing compliance requirements, and provisions for foreign LLPs, conversion from other entities, compromise/arrangement, winding up, and merits of the LLP structure.
This document provides an overview of limited liability partnerships (LLPs) under Indian law. Key points include: LLPs were introduced in India via the LLP Act of 2008, providing hybrid corporate-partnership status with limited partner liability; LLPs must have 2 or more partners, including at least 2 designated partners meeting residency and other requirements; contributions and roles of partners are defined, with liability limited to contributions except in cases of fraud; and procedures for incorporation, disclosures, conversion from other structures, and winding up of LLPs are outlined. Recent amendments further incentivize compliance and shift of unincorporated businesses to the LLP structure.
Private equity involves investing in private companies not listed on a stock exchange. Firms invest in underperforming companies with high growth potential to develop new products/technologies or expand working capital.
Private equity has limited liquidity and follows a high risk, high return objective. Funds can sell company stakes after the minimum investment period to realize gains in the non-transparent private equity market. Venture capital, angel investors, leveraged buyouts, growth capital, and mezzanine capital are types of private equity. Regulations like SEBI AIF Regulations 2012 govern private equity in India. Setting up funds in tax havens like Mauritius, Singapore, Ireland etc. can help minimize double taxation.
The document discusses different business entity structures like private limited companies, public limited companies, and limited liability partnerships. It provides details on the key features of LLPs such as having limited liability like companies but flexibility like partnerships. LLPs allow professionals to deal internationally and remove restrictions of maximum partners under partnership law. LLPs are suitable for small-medium businesses and service industries where partners have different roles.
The document summarizes key aspects of the Limited Liability Partnership Act of 2008 in India. It discusses the recommendations that led to the legislation, key provisions of the Act regarding formation of LLPs, roles and liabilities of partners, governance and accounting requirements, conversion of firms and companies to LLPs, and provisions for winding up or dissolving an LLP. The Act aims to provide a flexible business structure with liability protection for small and large enterprises alike.
The document summarizes key changes to foreign exchange laws in India regarding foreign direct investment in Limited Liability Partnerships (LLPs). It outlines eligibility requirements for foreign investors and LLPs to receive foreign investment, including that the LLP must operate in a sector that allows 100% foreign ownership. It also details pricing requirements, payment methods, reporting obligations, restrictions on downstream investments, and other conditions like ECB restrictions. Foreign investment in LLPs now requires prior government or Foreign Investment Promotion Board approval.
Limited Liability Partnership (LLP) is a business structure that allows for limited liability as in a company but maintains the tax transparency of a partnership. It provides benefits over both limited companies and partnership firms such as lower compliance requirements and the ability to have both foreign and resident partners. The process of registering an LLP involves getting a quote on the CompaniesCart website, selecting the relevant state and contribution details, placing an order, and receiving assistance from executives to complete registration.
Limited Liability Partnership (LLP) is a business structure that allows for limited liability as in a company but maintains the tax benefits of a partnership. It provides benefits over both limited companies and partnership firms such as lower compliance requirements and easier management. To register an LLP, one selects their state and contribution amount to obtain a quote, then places an order on www.companiescart.com where representatives complete the registration process.
Prescriptive analytics BA4206 Anna University PPTFreelance
Business analysis - Prescriptive analytics Introduction to Prescriptive analytics
Prescriptive Modeling
Non Linear Optimization
Demonstrating Business Performance Improvement
Satta matka fixx jodi panna all market dpboss matka guessing fixx panna jodi kalyan and all market game liss cover now 420 matka office mumbai maharashtra india fixx jodi panna
Call me 9040963354
WhatsApp 9040963354
CONVERSION OF PARTNERSHIP FIRM INTO LLPANMOL GULATI
-This document contains all the conceptual knowledge about: 1. partnership firm 2. LLP
- suitability/ unsuitability of both form of organisations
- benefits of LLP over firm
- Conversion process
- statutory compliances
The document summarizes new regulations affecting the company secretaries profession, including the Limited Liability Partnership Act, 2008 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. It also discusses forthcoming regulations like the Goods and Services Tax and Direct Tax Code. The LLP Act provides a new business structure combining limited liability and partnership taxation. Key points of the ICDR Regulations and its replacement of older guidelines are noted. An overview of the proposed GST framework and goals of the upcoming Direct Tax Code is also provided.
The document summarizes new regulations affecting the company secretaries profession, including the Limited Liability Partnership Act, 2008 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. It also discusses forthcoming regulations like the Goods and Services Tax and Direct Tax Code. The LLP Act provides a new business structure combining limited liability and partnership taxation. Key points of the ICDR Regulations and changes made are noted. Details on GST thresholds and its proposed implementation by 2010 are provided. The Direct Tax Code aims to replace and simplify income tax laws.
Limited Liability Partnership (LLP) provides benefits of limited liability but allows members flexibility to organize internally as a partnership. An LLP is a separate body corporate formed under the LLP Act. It must have at least 2 partners (individuals or bodies corporate) and 2 designated partners, at least one of whom must reside in India. Partners have limited liability for LLP obligations. An LLP must be registered with the Registrar of Companies and comply with annual accounting and audit requirements. Rights of partners may be transferred but not management participation. Foreign LLPs must register a place of business in India. Partnership firms, private/unlisted public companies can convert into an LLP.
This PPT explains about Angel Tax & Start-Ups:
1. What is Angel Tax?
2. What are Startups?
3. Is every startup eligible for benefit under Income Tax Act?
4. Tax Rates of Startups
5. Relaxation from Angel Tax
6. Exemptions from Angel Tax
7. Computation of Angel Tax
8. Computation of Fair Market Value of Shares, etc.
For more updated information on Angel Tax & Startups, click here: http://bit.ly/2JRvx7H
The document provides an overview of Limited Liability Partnerships (LLPs) in India. It discusses the history and legislation around LLPs, outlines key features of the LLP Act including structure, partners and compliance requirements, compares LLPs to other business structures, and concludes that LLPs provide a flexible new option for businesses in India.
This document provides an overview of direct tax implications in India for companies looking to do business in the country. It discusses key aspects like the scope of taxable income for resident and non-resident companies, applicable corporate tax rates, considerations around dividend income, minimum alternate tax, and other tax obligations. The document also covers indirect tax implications and specifics of the taxation system relevant for non-resident entities operating in India.
Korean-Thai Chamber of Commerce Legal Seminar on Employment and Labour Protec...Vincent BIROT
On 29th June 2017 the KTCC organized a half-day seminar on legal issues focusing on employment and labour protection law, merger and acquisition and legal updates. Lawyers from LawPlus Ltd., led by Kowit Somwaiya, Managing Partner, spoke at the seminar on an exclusive basis. The presentation took 3 hours followed by a Q&A session for 1 hour. The seminar was held at Dusit Thani Pattaya Hotel and attended by 140 attendees.
The document discusses taxation issues related to the conversion of a limited liability company to a limited liability partnership (LLP) in India. It outlines some key conditions under Section 47(xiiib) of the Income Tax Act of 1961 that must be satisfied for the asset transfer during conversion to be exempt from taxation. One such condition is that the total sales of the company in the previous three years cannot exceed Rs. 60 lakhs. However, this is becoming an impediment for larger companies seeking to benefit from converting to an LLP. The document then discusses three potential views on taxation if this Rs. 60 lakh condition is breached.
Limited liability partnership gowtam bhatSVS College
seminar paper presented by Gowtam Bhat, a student of II year B.Com of SVS College, Bantwal, Karnataka under the auspices of Commerce Association-focus is on LLP in India
The document provides a comparative analysis of the original and revised UAE Economic Substance Regulations. It summarizes the key changes made between the original law (CD 31 of 2019) and regulations (MD 100 of 2020) and the revised law (CD 57 of 2020) and regulations (MD 215 of 2019).
Some of the major changes included expanding the definition of licensee, adding definitions for key terms, clarifying the activities subject to economic substance requirements, streamlining the notification process, and specifying documentation required to be submitted including financial statements. Exemptions were also expanded and certain activities like operating leases were removed from being considered relevant activities. The role of the National Assessing Authority was clarified.
The document outlines key aspects of Limited Liability Partnerships (LLPs) under the Limited Liability Partnership Act, 2008 in India. It discusses the hybrid business form of LLPs, requirements for partners and designated partners, incorporation process, ongoing compliance requirements, and provisions for foreign LLPs, conversion from other entities, compromise/arrangement, winding up, and merits of the LLP structure.
This document provides an overview of limited liability partnerships (LLPs) under Indian law. Key points include: LLPs were introduced in India via the LLP Act of 2008, providing hybrid corporate-partnership status with limited partner liability; LLPs must have 2 or more partners, including at least 2 designated partners meeting residency and other requirements; contributions and roles of partners are defined, with liability limited to contributions except in cases of fraud; and procedures for incorporation, disclosures, conversion from other structures, and winding up of LLPs are outlined. Recent amendments further incentivize compliance and shift of unincorporated businesses to the LLP structure.
Private equity involves investing in private companies not listed on a stock exchange. Firms invest in underperforming companies with high growth potential to develop new products/technologies or expand working capital.
Private equity has limited liquidity and follows a high risk, high return objective. Funds can sell company stakes after the minimum investment period to realize gains in the non-transparent private equity market. Venture capital, angel investors, leveraged buyouts, growth capital, and mezzanine capital are types of private equity. Regulations like SEBI AIF Regulations 2012 govern private equity in India. Setting up funds in tax havens like Mauritius, Singapore, Ireland etc. can help minimize double taxation.
The document discusses different business entity structures like private limited companies, public limited companies, and limited liability partnerships. It provides details on the key features of LLPs such as having limited liability like companies but flexibility like partnerships. LLPs allow professionals to deal internationally and remove restrictions of maximum partners under partnership law. LLPs are suitable for small-medium businesses and service industries where partners have different roles.
The document summarizes key aspects of the Limited Liability Partnership Act of 2008 in India. It discusses the recommendations that led to the legislation, key provisions of the Act regarding formation of LLPs, roles and liabilities of partners, governance and accounting requirements, conversion of firms and companies to LLPs, and provisions for winding up or dissolving an LLP. The Act aims to provide a flexible business structure with liability protection for small and large enterprises alike.
The document summarizes key changes to foreign exchange laws in India regarding foreign direct investment in Limited Liability Partnerships (LLPs). It outlines eligibility requirements for foreign investors and LLPs to receive foreign investment, including that the LLP must operate in a sector that allows 100% foreign ownership. It also details pricing requirements, payment methods, reporting obligations, restrictions on downstream investments, and other conditions like ECB restrictions. Foreign investment in LLPs now requires prior government or Foreign Investment Promotion Board approval.
Limited Liability Partnership (LLP) is a business structure that allows for limited liability as in a company but maintains the tax transparency of a partnership. It provides benefits over both limited companies and partnership firms such as lower compliance requirements and the ability to have both foreign and resident partners. The process of registering an LLP involves getting a quote on the CompaniesCart website, selecting the relevant state and contribution details, placing an order, and receiving assistance from executives to complete registration.
Limited Liability Partnership (LLP) is a business structure that allows for limited liability as in a company but maintains the tax benefits of a partnership. It provides benefits over both limited companies and partnership firms such as lower compliance requirements and easier management. To register an LLP, one selects their state and contribution amount to obtain a quote, then places an order on www.companiescart.com where representatives complete the registration process.
Prescriptive analytics BA4206 Anna University PPTFreelance
Business analysis - Prescriptive analytics Introduction to Prescriptive analytics
Prescriptive Modeling
Non Linear Optimization
Demonstrating Business Performance Improvement
Satta matka fixx jodi panna all market dpboss matka guessing fixx panna jodi kalyan and all market game liss cover now 420 matka office mumbai maharashtra india fixx jodi panna
Call me 9040963354
WhatsApp 9040963354
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...APCO
The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
Efficient PHP Development Solutions for Dynamic Web ApplicationsHarwinder Singh
Unlock the full potential of your web projects with our expert PHP development solutions. From robust backend systems to dynamic front-end interfaces, we deliver scalable, secure, and high-performance applications tailored to your needs. Trust our skilled team to transform your ideas into reality with custom PHP programming, ensuring seamless functionality and a superior user experience.
During the budget session of 2024-25, the finance minister, Nirmala Sitharaman, introduced the “solar Rooftop scheme,” also known as “PM Surya Ghar Muft Bijli Yojana.” It is a subsidy offered to those who wish to put up solar panels in their homes using domestic power systems. Additionally, adopting photovoltaic technology at home allows you to lower your monthly electricity expenses. Today in this blog we will talk all about what is the PM Surya Ghar Muft Bijli Yojana. How does it work? Who is eligible for this yojana and all the other things related to this scheme?
Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...Niswey
50 million companies worldwide leverage WhatsApp as a key marketing channel. You may have considered adding it to your marketing mix, or probably already driving impressive conversions with WhatsApp.
But wait. What happens when you fully integrate your WhatsApp campaigns with HubSpot?
That's exactly what we explored in this session.
We take a look at everything that you need to know in order to deploy effective WhatsApp marketing strategies, and integrate it with your buyer journey in HubSpot. From technical requirements to innovative campaign strategies, to advanced campaign reporting - we discuss all that and more, to leverage WhatsApp for maximum impact. Check out more details about the event here https://events.hubspot.com/events/details/hubspot-new-delhi-presents-unlocking-whatsapp-marketing-with-hubspot-integrating-messaging-into-your-marketing-strategy/
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
The Most Inspiring Entrepreneurs to Follow in 2024.pdfthesiliconleaders
In a world where the potential of youth innovation remains vastly untouched, there emerges a guiding light in the form of Norm Goldstein, the Founder and CEO of EduNetwork Partners. His dedication to this cause has earned him recognition as a Congressional Leadership Award recipient.
Tired of chasing down expiring contracts and drowning in paperwork? Mastering contract management can significantly enhance your business efficiency and productivity. This guide unveils expert secrets to streamline your contract management process. Learn how to save time, minimize risk, and achieve effortless contract management.
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Cover Story - China's Investment Leader - Dr. Alyce SUmsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
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2. LIMITED LIABILITY PARTNERSHIP (LLP)ACT, 2008
• The act came into Existence in 7th January, 2009.
• The Act contains 81 Sections, 14 chapters and 4 Schedules.
• The extends to whole of India.
3. WHAT IS LIMITED LIABILITY PARTNERSHIP (LLP)
The LLP act states, “LLP means a partnership formed and registered
under the act”. [Sec. 2(n)]
Thus, an LLP comes into existence after its registration/corporation
under LLP Act, 2008.
4. FEATURES OF A LIMITED LIABILITY PARTNERSHIP FIRM
1. Incorporated body – every LLP is an incorporated entity which is
formed and incorporated under the provisions of the LLP Act, 2008.
2. Body Corporate – A LLP is a body Corporate registered under LLP
Act, 2008.
3. Minimum and Maximum partners – An LLP shall have atleast
two partners. There is no limit on maximum number of partners.
4. Separate Legal Existence – An LLP has a separate legal existence
from its partners. It can enter into contract with its partners and sue
on partners and can be sued by partners.
5. Perpetual succession – A LLP is a legal entity with perpetual
succession. it can be wound up in accordance with the provisions of
the act.
5. 7. Partners by Agreement – The partners of a LLP are those who
become partners of the LLP in accordance with the LLP agreement.
However, the persons named in the incorporation document and who
subscribe to the incorporation document shall become partners of it.
8. Designated Partner – Every LLP shall have at least 2 designated
partners. This must be individual persons and at least one of them
shall be resident of India.
9. Limited Liability – The liability of a partner in LLP is limited to his
contribution to the LLP. A partner of LLP is not personally liable for
any obligation or liability of LLP.
10. Common seal – An LLP can have a common seal, if it decides to
have it.
11. Mutual Rights and duties of partners and LLP – the mutual
rights and duties of partners are governed by LLP agreement.
6.
7.
8. FDI IN LIMITED LIABILITY PARTNERSHIPS (LLPs)
Foreign direct investment (FDI) is an investment made by a company or
individual in one country in business interests in another country. It can
be in the form of directly establishing new business (greenfield
investment) or in the form of acquiring existing businesses (brownfield
investment).
Under the current FDI policy, foreign investment in Indian Companies
is permitted under:
• the automatic route; and
• the approval route (with prior approval of the Foreign Investment Promotion
Board (‘FIPB’), depending on the sector in which FDI is being inducted.
However, Any FDI in an LLP shall require prior Government/FIPB approval.
Any form of foreign investment in an LLP, direct or indirect (regardless of
nature of ‘ownership’ or ‘control’ of an Indian Company) shall require
Government/FIPB approval.
9. ELIGIBLE INVETORS
• A Person resident outside India
• An Entity incorporated outside India
PROHIBITED INVESTORS
• A citizen/entity of Pakistan and Bangladesh
• A SEBI registered Foreign Institutional Investor (FII)
• A SEBI registered Foreign Venture Capital Investor (FVCI)
• A SEBI registered Qualified Foreign Investor (QFI)
10. FDI in LLPs is permitted subject to the following conditions:
1. FDI is permitted in Limited Liability Partnership (LLPs) operating in
sectors/activities where 100% FDI is allowed, through the automatic route
and there are no FDI-linked performance conditions.
2. An Indian company or an LLP, having foreign investment, is also
permitted to make downstream investment in another company or LLP
in sectors in which 100% FDI is allowed under the automatic route and
there are no FDI-linked performance conditions.
3. FDI in LLP is subject to the compliance of the conditions of LLPAct,
2008.
4. A company having foreign investment can be converted into an LLP
under the automatic route only if it is engaged in a sector where foreign
investment up to 100% is permitted under automatic route and there are
no FDI linked performance conditions.
11. MODE OF PAYMENT FOR AN ELIGIBLE INVESTOR:
Payment by an eligible investor towards capital contribution/profit share
of LLPs will be allowed only by way of cash consideration to be
received –
1. by way of inward remittance through normal banking channels; or
2. by debit to NRE/FCNR account of the person concerned, maintained with
an AD Category – I bank.
• NRE account – Non-resident external account or Non-resident Rupee Account.
• FCNR account – Foreign Currency Non-resident Account.
• AD Category-1 Bank -Authorised Dealers category-1 Bank.
12. PRICING
1. FDI (Foreign direct investment) in an LLP (Limited liability partnerships) can
be either by way of capital contribution or by way of acquisition/transfer of
‘profit shares’, would have to be more than or equal to the fair price as worked
out with any valuation norm which is internationally accepted/ adopted as per
market practice
2. A valuation certificate to that effect shall be issued by a Chartered Accountant
or by a practicing Cost Accountant or by an approved valuer from the panel
maintained by the Central Government.
13. REPORTING
• Reporting of foreign investment in LLPs and disinvestment/transfer of capital
contribution or profit shares between a resident and a non-resident may be made in
a manner as prescribed by Reserve Bank of India from time to time.
• All LLPs which have received Foreign Direct Investment in the previous year(s)
including the current year shall submit to the Reserve Bank of India, on or before
the 15th day of July of each year, a report titled 'Annual Return on Foreign
Liabilities and Assets' as specified by the Reserve Bank from time to time.”
15. TAXATION OF LIMITED LIABILITY PARTNERSHIPS (LLP’s)
• LLPs will be treated as Partnership firms for the purpose of Income
Tax and will be taxed like a partnership firm.
• Tax rate 30% flat tax rate + 3% education cess
• No Minimum Alternate Tax & Dividend Distribution Tax
• Any form capital gains arising out of sale of assets by the LLP will be
taxable under sec. 112.
16. ELIGIBILITY (Section 184)
In order for Limited Liability Partnership to be assessed as firm as
Income Tax Act, it has to satisfy the following criteria
1. The LLP is evidenced by an instrument i.e. there is a written LLP
Agreement.
2. The individual shares of the partners are very clearly specified in the
agreement.
3. A certified copy of LLP Agreement must accompany the return of income of
the LLP of the previous year in which the partnership was formed.
4. If during a previous year, a change takes place in the constitution of the LLP
or in the profit sharing ratio of the partners, a certified copy of the revised
LLP Agreement shall be submitted along with the return of income of the
previous years in question.
5. There should not be any failure on the part of the LLP while attending to
notices given by the Income Tax Officer for completion of the assessment of
the LLP.
17. LLP can claim the following deductions
1. Interest paid to partners, provided such interest is authorised by the
LLP Agreement.
2. Remuneration (by whatever name called) to a partner will be
allowed as a deduction if it is paid to a working partner who is an
individual.
• The remuneration paid to such working partner must be authorised by the LLP
Agreement and the amount of remuneration must not exceed the given limits.
• When section 184 is not complied with, no deduction towards interest and
remuneration is allowed. This is the mandate of the section 185.
18. Steps for Computation of taxable income of a LLP
• Find out the firms income under the different heads of income, ignoring the
prescribed exemptions. The heads of income for partnership firms are:-
1. Income from House Property
2. Profits and Gains of Business or Profession
3. Capital Gains
4. Income from other sources including interest on securities, winnings from lotteries,
races, puzzles, etc. ('Salary' income head is not included)
• Make Deductions: The payment of remuneration and interest to partners is
deductible if conditions of section 184 and section 40(b) of the Income Tax
Act are satisfied. Any remuneration which is due to or received by partners
is allowed as a deduction from income of the partnership firm and the same
is taxable in the hands of partners. Any payment of remuneration in excess
of the limits prescribed will not be allowed to deducted out of the total
taxable income.
• Make adjustments on account of brought forward losses/ disallowances of
interests etc. paid by firm to its partners. The total income so obtained is the
“Total Taxable Income”.
19. IMPORTANT POINTS:
• Payment of remuneration in excess of the limits prescribed will not be allowed to
deducted out of the total taxable income.
• Partners are allowed to claim only 12% P.A. Of simple interest on the invested capital. If
the interest is higher than12% P.A. than income tax will be charged.
• Sleeping partners are not entitled to remuneration.
• Remuneration is calculated on the book profit which is calculated under sec 28 to 44D.
• The profit received by partner cannot be taxed, since the firm has already been taxed. The
interest and remuneration is taxable when partners file their individual return.
• Designated Partners will be liable to sign and file the Income Tax return.
• Remuneration and Interest on Capital paid to partners will be taxable in partner‘s hands as
―Income from Business and Profession‖ to the extent these have been allowed as
deduction in LLP‘s hands.
• Remuneration to working partners allowed as deduction subject to compliance with the
provisions of section 40 (b) and section Interest on capital can be paid to the partners of
the LLP. It shall be allowable as a deductible expense n 184.
• No taxable capital gain on conversion of general partnership firm into LLP.
• Conversion of private companies /unlisted public companies into LLP‘s are not expressly
exempted from capital gains taxation by the Act.