Interested to Buy Any Domain ? << Click Here >> for more details...
This position requires your continued communication with
custodial parents. How are your communication skills?
- 0 Answers
- 2292 Views
- Banking, I also Faced
- E-Mail Answers
No Answer is Posted For this Question
Be the First to Post Answer
What is the hierarchy of courts in the UK?
What is the service tax rate on WCT ( work contract tax) in haryana state
What is the difference between TDS & Service Tax?
Should fat people have to pay extra on planes if they need to take two seats
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?
Name the Types of Guarantee
If we lived in a world of angels would there be any need to have the law?
how much important to get police clearance from local police station to Canadian visa?(Work visa)
how to prevent corporate lootings and frauds? is there any mechanism available besides the legislative frameworks stipulated by SEBI OR CL AFFAIRS?
Why do you want to become a solicitor?
what is the full form of poto, tada, and gujkok
Why do we bother with environmental protection?
-
Law AllOther (806)
