Rowan offers to sell Graham his car for £500. They shake on it and Graham gives him the money in cash. En route to delivering it, Rowan crashes and the car is written-off. He refuses to give Graham his money back. What can Graham do next?

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Based on Internal Revenue Service rules, what criteria distinguish a consultant from an employee?

0 Answers   Boston Consulting Group,

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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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Where does honesty fit into Law?

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Should the law exist to protect us from ourselves?

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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?

1 Answers  

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A man is sentenced to seven years in prison after falsely being convicted of murder. It later transpires that the victim is still alive. Can the convict be sentenced again if he kills the `victim' after he is released from prison?

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distingish between fundamental right & directive principles with case law?

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Is VAT should be charged on Freight charges or not ?

0 Answers   MSRTC,

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Are school uniforms a contravention of human rights?

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"Where there is a right, there is remedy" Explain this reference to breach of contract.

1 Answers   IRDP,

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Is there any remedy for the seller if the purchaser refuses to submit the FORM-C while he agreed while generating invoice?

2 Answers   TATA,

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