Should the media be more regulated by the state?
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can advocate sign the vat audit report
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INDIAN FACTOARY ACT , HOW ITS FOLLOW UP ?
can we keep basic salary of an employee below 6500
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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sir, this is Ramakrishna i am recently completed MBA from andhra university. present i am working in spencer retail store as a customer service attendant(CSA). but this post suitable to 10th or intermediate range. some of my colleagues says this job is not suitable to me.if i am resign this job whats my position. is there any growth in spencer to mba's.
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Distinguish between Contract of Indemnity and Contract of guarantee.
What is the hierarchy of courts in the UK?
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