• What is Income Tax of India?

    In simple words, Income Tax means Tax on Income you earned. Some portion of your income you are supposed to pay to Central Government for development of our country. Now to know How much Income is taxable, What amount of Tax you have to pay and How to save Tax you have to look at provisions of Income Tax Act and amendments in that act from time to time. We have tried to simplify all necessary income tax provisions to get maximum benefits of the same.

  • Why Paying Income Tax is Important?

    Common question among people is Why we are paying Income Tax to Government? We are bound by our Constitution and that’s why we have to pay Income Tax on our Income for better development and prosperity of our India. It’s nothing but our contribution towards better tomorrow.

  • How to Pay Income Tax Easily?

    There are two ways to pay Income Tax - Offline and Online. Online Payment is Compulsory for Companies and those persons who are covered under TAX Audits.
    Others have option to pay Tax offline. You have to fill up details in challan and deposit income tax in Bank along with that Challan. Bank will return you counterfoil of that challan for your record purpose. For challan please search on our site for which option is given on top right side.

Who can be Designated Partner in LLP?

Can HUF or Karta of HUF be Designated partner in LLP?

As per section 5 of LLP Act, 2008 only an individual or body corporate may be a partner in a Limited Liability Partnership. A HUF cannot be treated as a body corporate for the purposes of LLP Act, 2008. Therefore, a HUF or its karta can not become designated partner in LLP.
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