Answer / Narendra Singh Rana

```nYes, it is generally required for private limited companies in many jurisdictions, including India, to include "Ltd" or an equivalent abbreviation (such as "Limited," "GmbH," or "S.A.") in their official names.nIn India, this requirement can be found under Section 4 of the Companies Act, 2013.```

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?

1 Answers  

---

What is Bank Guarenty why it is importent for relesing payment From party.

1 Answers  

---

Please give an example solutions of Professional Tax Calculations?

1 Answers  

---

I want to know lattest Ready recknor for Statutory compaliance, which uses in all companies.

1 Answers   MPI,

---

Is according to child labor act 1986? if the child is found that he is working any where? and he found guilty by the owner? What type of stapes can take a normal person if he see this incident?

1 Answers  

---

If policemen calls a person for some enquiry in sense like wrong complains by a people to us what should we want to do?

1 Answers  

---

why are you want comein in lic

1 Answers  

---

what is the retirement age of an Ex-Military man?

1 Answers  

---

If we have to make bill of Stock transfer from our interstate branch (like Chennai) what type of invoice we have to prepare tax or retail ?

1 Answers  

---

What is the syallabus for the post of Law Assistant in Railway Recruitment Board Bhuvaneswar? What are the main topics covered in the Law assitant exam?

3 Answers   HCL, Indian Railways, RRB,

---

When was the last time you had to work to complete a task against a deadline?

1 Answers  

---

an offence punishable under IPC qnly when attempted and not when committed.

0 Answers  

---