Latest from TaxMarg Experts

Navigate the complexities of Indian taxation and legal compliance with our professional insights, deep-dive guides, and regulatory updates.

All About Remuneration to Partners in Partnership Firm and Limited Liability Partnership (LLP)

Income Tax Update

Apr 28, 20265 min read

All About Remuneration to Partners in Partnership Firm and Limited Liability Partnership (LLP)

Remuneration to Partners in a Partnership Firm and LLP refers to the salary, bonus, or commission paid to working partners for their active involvement in the business. Governed by the Partnership Deed or LLP Agreement, such payments are eligible for tax deduction under Section 40(b) of the Income Tax Act, subject to prescribed limits. Effective from FY 2025-26, the deduction limits have been significantly increased. This article explains the legal provisions, revised deduction limits under Section 40(b), TDS requirements under Section 194T, tax implications for partners, and best practices for drafting the Partnership Deed or LLP Agreement.

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Sole Proprietorship in India – Registration, Benefits, Taxation & Complete Guide

Business Setup

Mar 26, 20265 min read

Sole Proprietorship in India – Registration, Benefits, Taxation & Complete Guide

Starting a business in India has become easier than ever. One of the most popular and simplest business structures is a Sole Proprietorship. It is ideal for consultants, freelancers, traders, and small business owners who want to start quickly with minimal compliance.

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GST Update

Mar 21, 20265 min read

Latest GST Updates in India – March 2026

Stay updated with the latest GST changes in March 2026, including GST 2.0 rate structure, compliance updates, return filing rules, and new GSTN system improvements.

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Business Setup

Mar 21, 20265 min read

Business Setup in India: Complete Guide for Entrepreneurs

Start your business the right way with this complete guide to business setup in India. Learn about company registration, GST, legal compliance, and step-by-step processes to launch and grow your business smoothly with expert support from TaxMarg.

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Latest from TaxMarg Experts

Navigate the complexities of Indian taxation and legal compliance with our professional insights, deep-dive guides, and regulatory updates.

Income Tax Update

Apr 28, 20265 min read

All About Remuneration to Partners in Partnership Firm and Limited Liability Partnership (LLP)

Read Commentary →

Business Setup

Mar 26, 20265 min read

Sole Proprietorship in India – Registration, Benefits, Taxation & Complete Guide

Read Commentary →

GST Update

Mar 21, 20265 min read

Latest GST Updates in India – March 2026

Stay updated with the latest GST changes in March 2026, including GST 2.0 rate structure, compliance updates, return filing rules, and new GSTN system improvements.

Read Commentary →

Business Setup

Mar 21, 20265 min read

Business Setup in India: Complete Guide for Entrepreneurs

Read Commentary →