contempt of court places a restriction on?


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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?

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send me sample paper of law officer in bank pre test

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hello this is imran from hyd, my question regarding the law, my father was in police department in Andhra Pradesh before death,as my mother is 2nd wife to him(my father),my father took divorce from 1st wife 20 years ago by Muslim law,the nominee for the pension after my father is my mom that is 2nd wife, but still my mom is not getting pension , what i have to do plz mail me to foruiam007@yahoo.com

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