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What is Bank Guarenty why it is importent for relesing payment From party.
Lots of legislation includes phrases like "beyond reasonable doubt"- what does this actually mean?
plz tell me about ups?
if my employees are having esic , then do i need to take workman compensation for them ? is it compulsory for me to take workman compensation even if having esic ?
If a wife had expressed distaste for it previously, would her husband's habit of putting marmalade in his egg at breakfast be grounds for divorce?
which perquisite is exempted from tax ?
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
Whether a Minor can purchase or sell Company Share ? A person presented company share for transfer in his favour but the Transfer Deed accompanied by Company Share is of such date when the person was Minor.Whether the Company accept the Transfer Deed and transfer those shares in his favour.
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We will be receive Form-F from Our Delhi Unit but he tell us that FORM -F issue quarterly . But our Noida Sales Tax Deptt. required Monthly For the F.Y.2006-07 & 2007-08
how many Type of excise audit please give me details
What about housing and small claims matters?
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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