Answer / swanand

Justice Bhagwati

if accendent happaned of car & container. the containar escape after heatting to car but car driver dont have driving licence so it will clame for insurance or not & is required FIR for insurance claim????????????????

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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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Can we apply IEC Certificate & professional tax certificate manually ? i.e. without online

0 Answers   Safeco,

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We want Taken credit of Vat on capital Goods (Fixed Assets) is it posible if Yes How can we treat if no Why Reasion

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What does it mean to 'take' another's car?

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Which one of the following Bills must be passed by each House of the Indian Parliament separately,by special majority ?

2 Answers   UPHJS Uttar Pradesh Higher Judicial Service,

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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,

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IF WE PURCHASE FLEX AND SUPPLIERS PRODUCE BILL & CHARGED 4% VAT THEN WHAT WILL BE TDS STATUS.

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Ware house(bldg.)taken on rent on 10.04.2009 for Rs. 25000/- P. month, till today rent is on paid, what is liability of TDS, percentage % & in which month TDS to deduct & make payment, what is intr. for late paymet how to calculat intr. from Apr. or May Or June

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Sir, I have applied for the post of Office superintendent in Charity commissioner, Mumbai. I have required the previous year exam question papers or which question are likely to be asked for the such exam.

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What is LC (latter of Credit) what is it use. Whos make LC & Why. How can we ammended a LC is it Posible to ammendment in LC if Yes (How)if no (How)& what we do that LC

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

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