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What is the meaning of lifting corporate viel
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who is our chief president
WHO IS THE MOST BEUTIFUL MAN IN THIS WORLD
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?
Case study Real estate question: 1. Mr. Johnson owns a small commercial property which has 4 units with a total square footage of 9384. The property is located in an area suffering from high vacancies. The current tenants remaining are ABC Corporation, who occupies 2888sq ft. And recently renegotiated and lowered their lease rate through 2011 and XYZ electronics corp., who occupies 3350 sq.ft. With their lease due to expire December 2010. The remaining 2 vacancies are marketed by a local broker. Currently there are no potential tenants viewing the vacant graces. What might Mr. Johnson do to retain his 2 tenants and attract new renters to his property and how might this impact his income and/or expenses this year and next year? Please explain your answer.
if we recive Purchase order of Contract of Supply of material & labour so how can we invoice our bill.
what would be your major contribution if you get this job?
how to prevent corporate lootings and frauds? is there any mechanism available besides the legislative frameworks stipulated by SEBI OR CL AFFAIRS?
i'm working in a company my consolidated salary is Rs. 15000/- per month. can i Lodge complain in Labour department, and how much the limit of salary
What is Dividend Balancing?
It's raining and have forgotten your umbrella, so you shelter in an unlocked car. Are you guilty of the offence of allowing yourself to be carried in a conveyance without the owner's consent?
should legislation make changes in section-304 ipc(dowry death)
Can a OBC reserve person who applied for OBC reserve post selected on open post without his consent
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