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i want to know about mimimum wages act with epf ,service
tax, princle employer to contractor for contractor's
labour -mention with notification no and date in which
act, contractor vs central govt ,is principle employer
responsible to pay mimimum wages with epf ,service tax and
other taxes to contractor ? Reply
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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?
Essential to community prosecution is community involvement, which would persuade judges to give greater sentences to those who continually commit crimes in certain areas. How you generate community support?
My father Mr. Prakash was working with SBM, Bangalore and had taken 2 Insurance policies on LIC- Under Salary Savings Scheme, 2 Insurance Policies on LIC under Accident Benefit Policy, 1 Insurance Policy on Bajaj Allianz under Accident Benefit and scheme and has received benefit of about 6 lakhs from Bank as Insurance amount on his death. He had nominated my step mother (second wife of my father) as nominee for all the above mentioned, and now she is refusing to share the benefit among us (my father had married her after my mother deceased , we are 3 children). Please suggest whether we get our share… do we have any rights on Insurance benefits??
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