LLP property investment Here’s how an LLP can be used for property investment: 1.Liability Protection: One advantage of an is that it offers limited liability protection to its partners. This means that the personal assets of the partners are generally shielded from the liabilities of the partnership. Any debts or legal obligations arising from… Read More »
LLP for real estate LLP for real estate: 1.Liability Protection: One of the primary advantages of an LLP is that it offers limited liability protection to its partners. This means that the personal assets of the partners are protected in case of any legal claims or liabilities arising from real estate activities. Partners can have… Read More »
Types of Assets There are various ways to categorize assets, but here are four commonly recognized types of assets: To visit: https://www.incometax.gov.in 1.Current assets: Current assets are assets that can be converted into cash within one year or the operating cycle of the business, whichever is longer. Examples include cash, accounts receivable, inventory, and prepaid… Read More »
Tax planning for property Sale Tax planning for property sale, Capital gains tax: As an 80-year-old individual who is selling his own earn immovable property, may be liable to pay capital gains tax on the sale, depending on the specific details of the transaction. Capital gains tax is a tax levy on the profit earn… Read More »