sir if a bank declares NPA on one property and auctioned in bank auction even though the said subject is there in DRT and the Loanee got adverse order and filed the same with ADRT and got permitted to pay the amount and paid the amount to the Bank. sir now the question is will the loanee has to pay the interest to the bank during the NPA declared date to to the date of repayment of the Loan amount.

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What kind of activities are you interested in outside of work?

2 Answers  

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Threshold limit in income tax is stand for a year or for anything alse?

0 Answers  

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Do you know the Law of Demand?

0 Answers   RBI,

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What is surcharge?

2 Answers  

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WHAT IS GREEN SHOE OPTION?

1 Answers  

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Reflect on an occasion when you challenged a belief or idea, what made you do this and what was the outcome about mental health law and human right ?

0 Answers   Indian Law Society,

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if i purchases in 12.5% can i sell that in 2% in that case from where i can received 10.5% and how

0 Answers  

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Difference between insurance contract and general contract?

0 Answers  

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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?

1 Answers  

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What are your views on the franchising of legal aid firms?

3 Answers   Infosys,

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Should the law exist to protect us from ourselves?

0 Answers  

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