What have you read in the papers recently that relates to international law?

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In Maharashtra is Director liable to pay the Professional tax or the company?

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What is difference between India and Hindustan according to law and geography.

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

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Hi i am shiva kumar, I have completed Graduation B.A through distance education (kakathiya university), i want to do law through distance, please suggest me best at hyderabad.

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WHAT IS GREEN SHOE OPTION?

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This regarding cst sale please clarify.If goods are sold to end user who wants delivery of it in other state. What would the nature of transaction

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In case of exempted employees under the PF ACT, does the employer need to contribute minimum of Rs. 780?

0 Answers   Baidu,

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I have purchased bitumen from outside state. please confirm whether i have to pay difference vat on purchases value apart from entrytax

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what is the rate of WCT and surcharge in haryana when the payer is registered under Lumsum contractor

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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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Minimum no of contract labour required for obtaining the labour licence from the regulating authority.

1 Answers   Bhel,

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