Where do you plan to do your legal practice course (and/or gdl)?
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How to calculate the BasicSalary as per labour laws
I m a indian law student. I wnt to go usa vai student visa. What are th chance for me? Which course god for me? How to face usa consulant?
has the vice president of india no formal function attached to his office?
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can i change the jurisdiction of assessing authority of the dealer
Runbeer penal code applies for.
what is commerce
What are the fundamental differences between US and British Law? What are the implications of this?
There are three partners in a partnership firm. The firm has office premises in the name of firm. Depreciation on this asset is charged every in the books of the firm. Now after depreciation the book value of this assets has become Rs. 1000. Whereas the market vakue of this premises id Rs. 10 crorer. To bring this property at MV the partners revalued this premised at Rs. 8 crorers in the books of the firm and accordingly credited partner's capital account in their profit sharing ratio. My questions are as under. What is the income tax liability of the firm on revaluation? What is the income tax liability of partner of each partner on revaluation and credit to his capital account. In future whether depreciation to the firm is allowed on revalued amount under the income tax act. What happens to the tax liability if one partner withdraw his entire capital from the firm which includes credit on revaluation of office premises? When partners can withdraw out of their credit balance in their capital account without attracting any tax liability either by the firm or by partner? What happens if one partner retires and he gets amount equal to his capital account which inclides credit on account of revaluation? is there any tax liability to the retiring partner?
bank does not give loan unless they ascetain full repayment of their loan,then why need of collateral securities
How are the Superior Courts structured?
Whether TDS is to be Deducted from Freight inward And Freight Outward?
What is the date issue of WCT Certificate Contractor?
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