finance

  Vakilsearch's PPF Calculator can help you determine the return on investment and maturity amount of your PPF investment. How does a PPF calculator work? If you're planning to invest in PPF, but aren't sure how much to invest or what returns you'll receive, you can use our PPF calculator. When you enter the amount you can afford to invest regularly, your returns are calculated based on a tenure of 15 years and a prevalent interest rate. What is the PPF Calculator? Here's how to use an online PPF calculator step-by-step Step 1: Choose the frequency of investment from the drop-down menu. You can choose from options such as monthly, quarterly, half-yearly, and yearly. Select an option based on how often you can deposit money into the PPF account. Step 2: There is a maximum amount of Rs.1.5 lakh you can deposit in a PPF account during a financial year. Step 3: By default, the current interest rate is displayed. Step 4: Drag the pointer to the right to select the nu...

Limited liability is not possible under a partnership agreement, since under partnership law each partner is jointly and severally liable for the debts and obligations of the partnership incurred while he or she is a partner. Consequently, if a partner runs off with the client's funds, each partner is legally responsible for the entire debt, not just a portion. By introducing the Limited Liability Partnership (LLP), this gap is filled, as the LLP is a response to the need for large partnerships to find a form of incorporation with limited liability in an increasingly litigious world that still provided the same tax advantages as ordinary partnerships and internal management flexibility. A Limited Liability Partnership is a set of rules that govern commercial transactions in the Western world, and these commercial transactions stimulated the creation of law and the legal system. LLPs are governed by the LLP Act, 2008, and its Rules.  Throughout this blog, you will learn how LLP agre...