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Income Tax Retated

For generating UDIN, the document type is to be selected as ”GST & Tax audit”. Then the date of the signing of the report is...

Prusmptive income to regular assessment

In presumptive taxation under Section 44AD, your net income is considered as 8% of your turnover and you will pay tax on that income. If your receipts are in...

About sec 44 AB

Section 44AB of the Income Tax Act stipulates provisions pertaining to the tax audit under the Income Tax Audit. A tax audit is conducted to...

Long term capital gain

Long-term capital gains tax is a tax on profits from the sale of an asset held for more than a year. The long-term capital gains tax rate...

Can LLP become a partenr in another partnership firm ?

LLP being a partnership firm cannot be a partner of another firm on the logic that the partnership firm does not be a legal person with a distinct and separate identity.