In what conditions company do not pay income tax in-spite of
taxable income and tax will be paid in next year as previous
year income tax.
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What is the difference between company & organisation send the details plz.?
what is the difference between Chief justice and nyaymurti...in hindi chief justice called Nyaydheesh.
What is the Difference between Excise & Cenvat
Would it be a good idea for there to be a minimum IQ for jurors in a trial?
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?
What does it mean to 'take' another's car?
we have a licence of manufacturing himachal pradesh, so can we export raw material by purchase from our local vendor by issue of form H to the local vendor ?
What is your view on commercial law firms?
Under which section of indian contract act quasi-contract r given????
What are the PF, EPF, ESI, PPF and how these can be calculated ?
AMONG THE TAX REVENUES OF THE UNION OF INDIA ,THE MOST IMPORATANT SOURCE IS A.INCOME TAX. B. CUSTOMS DUTY C. CORPORATION TAX D. UNION EXCISE DUTY
What are the penalties if the director of Company is bringing the cash of Rs. 10,00,000/- into the company for its preoperative expeses as unsecured loan.