For professionals and entrepreneurs, understanding the audit requirements for a Limited Liability Partnership (LLP) is crucial to ensuring compliance with the law. LLPs are separate legal entities...
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...
A Sole Proprietorship is a business entity wholly owned and controlled by an individual. It is ideal for those starting small businesses, but as the business grows, transitioning to a more structured...
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...
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...
What is a Slump Sale?According to Section 2(42C) of the Income Tax Act, 1961, a ‘slump sale’ refers to the transfer of one or more undertakings as a result of the sale for a lump sum consideration...
For NRIs selling immovable property in India, navigating tax-related complexities, especially regarding Tax Deducted at Source (TDS), can be challenging. Applying for a Lower or NIL TDS Certificate...
Credit rating exercises undertaken by banks and external credit rating agencies play a significant role in determining a business’s ability to borrow and the cost of borrowing. These ratings are...
J D Shah Associates, founded in 1988 by CA Jayesh Shah, is a leading chartered accountancy firm located in Borivali, Mumbai. Our team consists of distinguished chartered accountants, corporate financial advisors, and tax consultants.