Limited liability partnerships (LLPs) in India will get two to three months to disclose ownership and improve governance after a set of proposed changes to the LLP Act are notified. The corporate affairs ministry has already got Parliament's approval for the amendments to the LLP law, adding the ministry wants to give time till May-June for their implementation, given the extent of changes.
Dear Members, The Hon'ble CBDT has issued Instruction No 5/2014 dated 10.07.2014 , by which the monetary limits for filing appeals to ITAT / HIGH COURT / SUPREME COURT have been revised. The New limits are: Tax effect Appeal before ITAT Rs. 4,00,000/- High Court Rs. 10,00,000/- Supreme Court Rs. 25,00,000/- Copy of Instruction is attached for your information.
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