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Navigating The Transition From Partnership Firm Into A Company

  • 28 Apr 2024
  • jdshah
  • Company
  • No comment
Switching from Partnership Firm to Company

When entrepreneurs embark on their business journey, forming a partnership firm often serves as a straightforward initial step. However, as businesses expand, partners may contemplate transitioning into a company. This transformation, while seeming daunting, offers significant advantages and necessitates understanding […]

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Disallowance of payment to MSME – Beyond the due date

  • 29 Jan 2024
  • jdshah
  • MSME
  • No comment
Disallowance of payment to MSME - Beyond the due date

Legal provision – Section 43B(h) 43B(h) any sum payable by the assessee to a micro or small enterprise beyond the time limit specified in section 15 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006),shall be […]

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Beware of cash transactions under Income Tax

  • 04 Nov 2023
  • jdshah
  • Income Tax
  • No comment
Beware of cash transactions under Income Tax

Cash transactions have long been a subject of scrutiny by the Indian Income Tax Department due to their potential for tax evasion and unaccounted money circulation. It is important for taxpayers to know these limits in order to make sure […]

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