What is the full form of Cift?

The Central Institute of Fisheries Technology (CIFT) set up in 1957 is the only national center in the country where research in all disciplines relating to fishing and fish processing is undertaken. The institute started functioning at Cochin in 1957.

Who is subject to Louisiana franchise tax?

Taxpayers are required to file the return electronically for income (franchise) tax periods beginning: 1/1/2018 (1/1/2019) – if their total assets have an absolute value equal to or greater than $500,000. 1/1/2019 (1/1/2020)- if their total assets have an absolute value equal to or greater than $250,000.

What is form Cift 620?

Corporations that do business outside of Louisiana must complete Form CIFT-620A, Corporation Apportionment and Allocation Schedules, to determine the amount of Louisiana-sourced net income. Such corporations must also complete Form CIFT-620A, which provides schedules for the allocation of the franchise taxable base.

Does an LLC pay franchise tax in Louisiana?

An LLC is treated and taxed in the same manner for Louisiana income tax purposes as it is treated and taxed for federal income tax purposes. Subtitle A, Chapter 1, Subchapter S on the first day of the franchise tax period is not subject to franchise tax.

Which is deemed university for fishery education in India?

The Central Institute of Fisheries Education
The Central Institute of Fisheries Education (CIFE) is a Deemed to be University and institution of higher learning for fisheries science in Mumbai, India….Central Institute of Fisheries Education.

What is the accounting period for franchise tax?

Fiscal year – An accounting period of 12 months or less ending on the last day of any month other than December.

Do S corps pay franchise tax?

Instead, California requires S corporations to pay a 1.5\% franchise tax on income, with a minimum tax of $800. In addition, an individual S corporation shareholder will owe tax to the state on his or her share of the company’s income.

Does Louisiana allow NOL carryback?

Louisiana’s Governor, John Bel Edwards, has now signed into law SB 36 (enacted as Act 459), which eliminates the prior 20-year carryover period limitation imposed on the available deduction for net operating losses (NOLs) for Louisiana corporate income tax purposes. Act 459 amends La.

What is my Louisiana Revenue Account Number?

Louisiana Revenue Account Number You can find your Revenue Account Number on any previous mailings from or quarterly filings submitted to the Department of Revenue.

What tax type is an LLC?

LLCs are classified as “pass-through” entities for tax reasons, meaning the business profits and losses will flow through to the personal tax return of each member. An LLC can also elect to be taxed as an S-Corporation or a C-Corporation. To be taxed as an S-Corporation, the LLC must file IRS form 2553.

How do I file an LLC tax return in Louisiana?

You can register online or mail in Form R-16019 (Application for Louisiana Revenue Account Number). After you’ve registered, you’ll be issued a seller’s permit. Then, on a periodic basis (for example monthly or quarterly), you must submit sales tax returns to the DOR. You can do this on paper (Form R-1029) or online.

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