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why are the laws are so phophorus?
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Explain Naomi Campbell's life.
What do you think the uses of traffic lights are?
What is the difference between manslaughter and murder? What is its significance?
when was the supriem court was first inogorated?
Rules of civil law are different than that of criminal law. Are you prepared to enter this knowing that there is little guidance from within our office?
what type of financing is outstanding and how is it accounted for?
the sun which is largest source of heat energy gets its energy by the process of what 1)nuclear fission 2)nuclear fusion 3)nuclear chain reaction 4)all of these
Whether Service Tax credit Can be taken and TDS can be deducted from freight inward and Outward on purchases ?
I m indian stundent. I complet my law degree. Now i want to go usa for further study. so how can i get usa visa? What are the chance to refused me?
Hi,I am 3yrs exp IT Professional. I had attended interviews from two companies and cleared all the rounds in both the companies. for example company 'A' & 'B'. (In both I preferred Company 'B' most).But Company A released the offer letter immediately and company 'B' did not released the offer at that time. So i thought the company is not ready to offer the package which I preferred. So i joined the company 'A'. After 3 weeks the company 'B' released the offer letter with preferred package. Now I want to join comapany 'B'.Unfortunetly i joined the Company 'A' and 3 weeks was completed. Is there any chance to join company 'B'?.If i joined what kind of legal action can be taken on me from company 'A'? Please advice me is it Good to switch now else better to be here in the company 'A'.
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?
We are registered under Service Tax commission & installation, Can we taken credit of service tax for expenses like Telephone, traveling, clearing & forwarding?
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