Donating a car is easy and a great way to help charities. But unless you itemize your taxes, you won’t see any financial benefit come tax time. Do you have an old vehicle sitting around that you’re no longer using? If so, one option to get it off your hands is to donate it to … Read more
Frequently asked questions about IVA & IVA forum: Q. What is an IVA? A. A lot has been written about Individual Voluntary Arrangements over the last few years and the question we probably get asked more than any other is what is an IVA? An Individual Voluntary Arrangement (IVA) is a legally binding agreement between you … Read more
Introduction In this article will see salient features of LLP. Limited Liability Partnership (‘LLP’) is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. LLP enterprise, the worldwide recognized form of business organization, has now been introduced in India by enacting the Limited … Read more
Stock audit, in general usage, is considered an important auditing term that refers to the physical verification of the inventory. However, at times, it may also involve the valuation of the inventory but it would depend on the terms of reference or the engagement letter of the assignment. When heading forward, it is important to … Read more
What are Sweat Equity Shares? The Promoters and employees who contribute to the formation of the company may like to get compensated against their hard work (Sweat) in the form of equity either discounted price or consideration other than cash. This is what term as sweat equity. It helps the business retain its brilliant human … Read more
Did you know that deceased people can also be taxed? As ironic as it sounds, the income tax returns for a deceased person has to be filed, if he/she has taxable income. His legal heir/representative needs to file the return on his behalf for the income earned till the date of death. The legal heir … Read more
In case of a sudden demise of a family member, a Legal Heir (LH) certificate must be obtained for transferring the assets of the deceased to his/her legal heirs. A legal heir certificate is a very important document to establish the relationship between the deceased and legal heirs. Once the death certificate is obtained from … Read more