Definition of “Partnership”, “Partner”, “Firm” And “Firm-Name” “Partnership” is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. Persons who have entered into partnership with one another are called individually, “partners” and collectively “a firm”, and the name under which their business is […]
Application of Provisions of Act IX of 1872 The unrepealed provisions of the Indian Contract Act, 1872, save in so far as they are inconsistent with the express provisions of this Act, shall continue to apply to firms. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal
Definitions In the Act, unless there is anything repugnant in the subject or context, (a) an “act of a firm” means any act or omission by all the partners, or by any partner or agent of the firm which gives rise to a right enforceable by or against the firm; (b) “business” includes every trade, occupation and
Short Title Extent And Commencement. (1) This Act may be called the Indian Partnership Act, 1932. (2) It extends to the whole of India except the State of Jammu and Kashmir. (3) It shall come into force on the 1st day of October, 1932, except section 69 which shall come into force on the 1st day of October, 1933.
Enactments Repealed Enactments Repealed – By Repealing Act, 1938 (1 of 1938) Section 2 And Schedule Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company
Maximum Fees (See sections 70A and 71) Document or act in respect of which the fee is payable, Maximum fee (1) Statement under section 58(1) Fifty rupees. (2) Memorandum of appeal under section (4) Twenty-five rupees. (3) Statement under section 60 Fifteen rupees. (4) Intimation under section 61 Fifteen rupees. (5) Intimation under section 62 Fifteen rupees. (6) Notice under section 63(1) Fifteen rupees. (7) Intimation under section 63(1A) Fifteen rupees. (8) Notice under section 63(2)
As part of the Digital India program and to ensure Ease of Doing Business, the Directorate General of Foreign Trade (DGFT) has planned to launch a new DGFT platform. The DGFT, vide its trade notification dated 25th June 2020, has announced that the first phase of the DGFT’s new digital platform will Go-Live on 13th
Copyright law in India is a fascinating and ever-evolving realm of intellectual property protection. The mechanisms of licensing and assignment play crucial roles in transferring and managing these rights, but they require careful consideration and coordination. As a business leader or an intellectual property owner, it is essential to understand their nuances and seek professional
NRIs Under Scrutiny: Watch Your Days Spent in India! Attention NRIs! The income tax department is keeping a close eye on your time spent in India. They’re asking some of you to swear on affidavits exactly how many days you were here in certain years, to see if you owe any taxes. Why the fuss?
In the bustling and diverse financial landscape of India, ensuring the utmost credibility and integrity of reported financial statements is paramount. This is where the National Financial Reporting Authority (NFRA) steps in, wielding its regulatory baton to safeguard investor confidence and promote ethical accounting practices. Established in October 2018, the NFRA is an independent, statutory
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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