Income Tax Law

Tax issues virtually lie under every business operation, plan and transactions – whether it is domestic or international or cross-border. Tax rules and regulations are more than considerations, most of the time they are the driving force behind a business strategy, structure and deal completion. It is easier to have a specialist by your side to navigate through the territory of legal tax planning. Our team of expert tax attorneys supports clients from advising on strategy to resolving disputes. ILO advises businesses and individuals on every step of the tax enquiry process from instigation of the enquiry through its ultimate resolution, whether by negotiation or dispute resolution or litigation. Our lawyers also deal with the claims that are outside the purview of the enquiry process and have represented clients on all levels of tribunals and courts.

FAQS

An individual with a minimum of 18 years of age can become a director of a Private Limited Company. It is necessary for him to have Indian citizenship which means that even a foreign national can become a director.
The limit in this kind of company incorporation is minimum two members and maximum two hundred.
Any person who is an Indian citizen and a Resident of India can become partner in a partnership firm. However Non-Resident Indians can only invest in a partnership with after obtaining prior approval of the Government.
There is no minimum limit on the capital requirement.
An individual with a minimum of 18 years of age can become a director of a Private Limited Company. It is necessary for him to have Indian citizenship which means that even a foreign national can become a director.

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