You will be required to attend community meetings throughout the month. Are you available to attend these meetings that occur after/before regular business hours?

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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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Please expand section 24 of HMP?

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

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can we issue a waybill to the contractor for entering his equipment from outside the state( i.e Odisha) for completion of contract in the state of Odisha???

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whether non payment of due leave is unauhorised deduction from wages or not?

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What is reasonable belief?

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who was the first chief justice of india?? 1.justice h.l.kania 2.justice shiv prasad sinha 3.justice hidayatullah 4.justice n.gopalakrishnan

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how we can see in SENSEX and NIFTY listed companies ?

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what is difference between past consideration in requirements of consideration and past voluntary services in no consideration no contract.i have little confusion explain the difference with example

0 Answers   Abhi Co,

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has the vice president of india no formal function attached to his office?

0 Answers   UPPSC Uttar Pradesh Public Service Commission,

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which artical of constitution provides provision for amendment.

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