What are the duties of the position for criminal affairs?
- 0 Answers
- 1729 Views
- BBC, Cyber Policies, I also Faced
- E-Mail Answers
No Answer is Posted For this Question
Be the First to Post Answer
How securied Corporate Fixed deposite is? And can Corporate Fixed deposite is insured?
can anybodt tell me the latest rate of wct in up?
To what extent did the NSA revelations impact on the British public?
What are the pros & cons about juries?
What is Bought out Dealings?
do companies situauted in Union territories issue Way Bills during purchasing of chemicals?
0 Answers Ferns Metallic Chemicals,
which purpose creat sagariya commisin?
Why do you want to become a solicitor?
among the tax revenue of the goverment of india ,the most important is a.income tax b.custom duty. c. corporation tax. d. union excise duty.
rate of customes duty
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?
Many times,civil cases result in compromise and settlement agreements. When was the last time you successfully negotiated your stance?
-
Law AllOther (806)
